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IBC - Highlights / Catch Notes

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Jurisdiction - condonation of delay beyond the period of 45 days ...

Insolvency and Bankruptcy

December 5, 2022

Jurisdiction - condonation of delay beyond the period of 45 days - We have no doubt in our mind that the Appellant has missed the bus by causing delay in filing the appeal beyond the period of 45 days and cannot take the plea of an innocent litigant because it is not the jurisdiction of the Appellate Tribunal to look into the sufficient cause or otherwise while hearing the Application which has been filed under Section 5 of the Act for seeking condonation of delay beyond the period of 45 days. - AT

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