https://www.taxtmi.com/caselaws?id=313495 The NCLAT dismissed an application for condonation of delay in filing an appeal under Section 61 of the IBC. The appellant sought to exclude the period during which two applications were pending before the Adjudicating Authority under Section 14 of the Limitation Act. The NCLAT held that while Section 14 of the Limitation Act applies to IBC proceedings as established by the SC in Kalpraj Dharamshi case, the period during which applications were pending before the Adjudicating Authority cannot be excluded. The appeal was filed 74 days beyond the prescribed period, exceeding the 15-day condonable limit under Section 61(2) proviso of the IBC. en-us Fri, 19 Jan 2024 00:00:00 +0530 Wed, 17 Apr 2024 17:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313495 The NCLAT dismissed an application for condonation of delay in filing an appeal under Section 61 of the IBC. The appellant sought to exclude the period during which two applications were pending before the Adjudicating Authority under Section 14 of the Limitation Act. The NCLAT held that while Section 14 of the Limitation Act applies to IBC proceedings as established by the SC in Kalpraj Dharamshi case, the period during which applications were pending before the Adjudicating Authority cannot be excluded. The appeal was filed 74 days beyond the prescribed period, exceeding the 15-day condonable limit under Section 61(2) proviso of the IBC. Case-Laws Insolvency and Bankruptcy Fri, 19 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313495