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Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + AT Insolvency and Bankruptcy - 2022 (11) TMI AT This

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2022 (11) TMI 107 - AT - Insolvency and Bankruptcy


Issues:
Delay in filing Appeals against Orders dated 08th June, 2022 and 31st August, 2022.

Analysis:

1. Delay Condonation Application (I.A. No. 3412 of 2022):
- Appellant filed for condonation of delay in filing Appeals against the mentioned Orders.
- Appeal filed on 12th September, 2022, within time for the Order dated 31st August, 2022, but delayed for the Order dated 08th June, 2022.

2. Arguments for Condonation:
- Appellant's counsel stated that the Order from 08th June, 2022, was not available until 01st August, 2022, causing a delay of 13 days.
- Counsel checked daily for the Order after the hearing but found it uploaded only on 01st August, 2022.

3. Tribunal's Order and Registrar's Report:
- Tribunal called for a report from the Registrar of the NCLT regarding the status of the Order dated 08th June, 2022.
- Registrar's report confirmed the matter was heard on 08th June, 2022, and the Order was uploaded on 29th July, 2022.

4. Decision on Condonation:
- Appellant argued that they were under the impression that the Order was reserved on 08th June, 2022, and not available until later.
- Tribunal found it appropriate to condone the delay of less than 15 days as the Appeal was filed within 45 days of the Order's availability.

5. Legal Precedent and Conclusion:
- Citing a legal precedent, the Tribunal emphasized that the Appellant cannot be blamed for not applying for the Order immediately if it was not available.
- The Tribunal, using its jurisdiction under Section 61(2) proviso of the Code, allowed the delay condonation and listed the Appeals for admission on 07th November, 2022.

 

 

 

 

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