2023 (9) TMI 193

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..... 877, 878 & 879/2023) - -<br>Insolvency & Bankruptcy<br>[ Justice M. Venugopal ] Member ( Judicial ) And [ Shreesha Merla ] Member ( Technical ) For the Appellants : Mr. B. Ramana Kumar , Advocate For the Respondent : Mr. Sankar Panicker , Advocate ORDER ( Virtual Mode ) IA No.879/2023 in Comp. App. (AT) (CH) (Ins) No. 288 of 2023 Heard the Learned Counsel for the 'Petitioners'/'Appel....

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....that apart, some of the documents were very old and in this regard, there was some difficulty in getting the legible copies of the same. Added further, the 'Petitioners'/'Appellants' took two weeks' time to draft the 'instant Appeal', as such, the 'delay in question' that has occurred in the matter is neither 'wilful' nor 'wanton', but due to the aforesaid reason. To be noted, that as per Sectio....

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....(30 + 15 = 45 days) and exactly it was filed on 44th day, which is well within the condonable period, as per Section 61(2) of the Insolvency and Bankruptcy Code, 2016. In view of the fact that the 'Petitioners'/'Appellants' have come out with reasons (vide paragraph 2 of the IA/879/2023) in Comp. App (AT) (CH) (Ins) No.288 of 2023 (vide Page 204 of Appellant Appeal Paper Book), to the effect, tha....

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....eply/Response/Counter' of Respondent, within two weeks from today, before the 'Office of the Registry', through 'e-filing' and the copy of the same, shall be exchanged between the Learned Counsels, well in advance, before the next date of 'Hearing'. The Learned Counsel for the 'Appellant', is required to serve the 'Appeal Paper Book(s)'/'Material Papers', to the Learned Counsel for the Respondent....