2023 (5) TMI 897

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....Shreesha Merla ] Member ( Technical ) For Appellant : Mr. Akshay Goel , Advocate ORDER ( Virtual Mode ) [ Per : Justice Rakesh Kumar Jain ( MJ )  ] This Appeal is directed against the Order dated 02.03.2023 passed by the National Company Law Tribunal, Bengaluru Bench, by which, an Application filed by the Appellant ('Operational Creditor') under Section 9 of the Insolvency and Bankru....

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....ed Counsel for the Appellant to address arguments in respect of the Application for Condonation of Delay. It is also pertinent to mention that as per Section 61(2) proviso of the Code, the Appellate Tribunal can condone a delay of only 15 days and not beyond that. It is also worthwhile to mention that for the purpose of Condonation of Delay, the Applicant/Appellant has to have assigned sufficient ....

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....uthority has a right to prefer an Appeal before the Appellate Tribunal. Section 61(2) provides a period of 30 days for filing the Appeal. Proviso to Section 61(2) provides with a jurisdiction to the Appellate Authority to further extend the period of 15 days if it is satisfied that there was a sufficient cause for not filing the Appeal within a period of 30 days, but such period of 15 days cannot ....