Cloud9 Apartment Owners' appeal dismissed; failed to justify delay extension in challenging CIRP initiation. Appeal period: 45 days.

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....Condonation of delay - time limit for filing appeal - Cloud9 Apartment Owner Association challenged the admission of application for Initiation of CIRP - the limitation to file an appeal before this Tribunal is only upto 45 days out of which the period of fifteen days can be used by the Appellant for the purpose of extension of period of limitation on assigning sufficient cause to the satisfaction of the Appellate Authority for condonation of delay. - Application dismissed - AT....