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Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + AT Insolvency and Bankruptcy - 2024 (3) TMI AT This

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2024 (3) TMI 135 - AT - Insolvency and Bankruptcy


Issues Involved:
The judgment deals with the issue of Condonation of Delay in filing an Appeal against the order passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Court-IV.

Condonation of Delay:
The Appellant filed an application for Condonation of Delay in filing the Appeal, citing that the order dated 07.11.2023 was uploaded on the NCLT website only on 19.12.2023, and the certified copy was received on 20.12.2023. The Appellant referred to a Supreme Court judgment in a similar case to support the request for condonation.

Arguments of the Parties:
The Respondent opposed the Appellant's submission, stating that the order was passed on 07.11.2023 in the presence of both parties' counsels. The Respondent argued that the date of uploading the order is irrelevant, and the limitation for filing the Appeal should commence from the date the order was passed.

Court's Analysis:
The Tribunal considered the submissions of both parties and examined the record, focusing on the order dated 07.11.2023. The order indicated that it was passed in the presence of both parties, dismissing the application filed by the Appellant. The Tribunal emphasized that when an order is passed in the presence of both parties, the Appellant cannot claim ignorance of the order.

Comparison with Precedent:
The Tribunal distinguished the present case from a Supreme Court judgment where no substantive order was passed on a specific date. In the current case, the order was clear, passed in the presence of both parties, and the Appellant failed to apply for a certified copy within 30 days from the order date.

Decision and Rationale:
The Tribunal dismissed the Delay Condonation Application, stating that the limitation to file an appeal should commence from 07.11.2023 when the order was passed. As the Appeal was filed beyond the 15-day limit after the expiry of the limitation, the delay could not be condoned. The Tribunal's jurisdiction to condone the delay was limited to 15 days by Section 61(2) proviso, leading to the rejection of the Memo of Appeal.

This summary provides a detailed breakdown of the judgment, focusing on the issue of Condonation of Delay and the Tribunal's decision based on the arguments presented by the parties and the analysis of relevant legal principles and precedents.

 

 

 

 

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