https://www.taxtmi.com/caselaws?id=758324 NCLAT dismissed application for condonation of delay in filing appeal under Section 61 of IBC. Appellant sought condonation of 50-day delay, but total delay was 80 days from order dated 11.03.2024. Court held it lacked jurisdiction to condone delay beyond statutory 15 days (total 45 days permissible). Appellant's claim of no knowledge rejected as it was intervenor in original proceedings and had deemed knowledge through newspaper publication. Application dismissed as time-barred, citing SC precedents in National Spot Exchange Limited and PRS Infrastructure Ltd. en-us Mon, 09 Sep 2024 00:00:00 +0530 Wed, 11 Sep 2024 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758324 NCLAT dismissed application for condonation of delay in filing appeal under Section 61 of IBC. Appellant sought condonation of 50-day delay, but total delay was 80 days from order dated 11.03.2024. Court held it lacked jurisdiction to condone delay beyond statutory 15 days (total 45 days permissible). Appellant's claim of no knowledge rejected as it was intervenor in original proceedings and had deemed knowledge through newspaper publication. Application dismissed as time-barred, citing SC precedents in National Spot Exchange Limited and PRS Infrastructure Ltd. Case-Laws IBC Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758324