2024 (4) TMI 13 - SCH - Insolvency and Bankruptcy

Condonation of delay in filing appeal - it was held by NCLAT that Auction having already completed on 04.04.2022, there was no occasion to stay the auction. Further process of Sale was to be undertaken as per the Liquidation Regulations - HELD THAT - Admittedly, the delay in filing the appeal is beyond the maximum period which can be condoned under Section 62 of the Insolvency and Bankruptcy Code 2016. The appeal is hence dismissed on the ground of limitation.

Summary

The Supreme Court dismissed the appeal due to a delay in filing beyond the allowable period under Section 62 of the Insolvency and Bankruptcy Code 2016.