https://www.taxtmi.com/caselaws?id=766415 NCLAT held that the 15-day condonable period under Section 61(2) cannot be extended by Rule 3 or Section 4 of the Limitation Act when ending on a tribunal closure day. However, for computing the 30-day appeal period under Section 61, Rule 3 of NCLAT Rules excludes days when the tribunal is closed. In one case, delay condonation was allowed where sufficient organizational approval grounds were shown within the condonable period. In another case, the application was dismissed as filing occurred beyond the 15-day condonable period without proper justification. en-us Fri, 21 Feb 2025 00:00:00 +0530 Tue, 25 Feb 2025 08:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766415 NCLAT held that the 15-day condonable period under Section 61(2) cannot be extended by Rule 3 or Section 4 of the Limitation Act when ending on a tribunal closure day. However, for computing the 30-day appeal period under Section 61, Rule 3 of NCLAT Rules excludes days when the tribunal is closed. In one case, delay condonation was allowed where sufficient organizational approval grounds were shown within the condonable period. In another case, the application was dismissed as filing occurred beyond the 15-day condonable period without proper justification. Case-Laws IBC Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766415