2025 (5) TMI 1845 - SCH - IBC

Seeking condonation of the delay of no less than 327 days in the filing of this appeal - the Tribunal dismissed the Appeal filed by the Income Tax Department affirming the NCLT s approval of the Resolution Plan for the Corporate Debtor - HELD THAT - This appeal is hopelessly barred by time and this Court cannot in any event condone this delay as per the applicable statutory provision. The appeal is accordingly dismissed on the ground of limitation.

Summary

The Supreme Court, through Hon'ble Justices Sanjay Kumar and K. V. Viswanathan, dismissed the appeal on the ground of limitation. The appellant sought condonation of a delay of 327 days in filing the appeal. However, the Court held that the appeal was "hopelessly barred by time" and that it "cannot, in any event, condone this delay as per the applicable statutory provision." Consequently, the appeal was dismissed due to the statutory limitation period.