2024 (4) TMI 568 - SCH - Insolvency and Bankruptcy

Condonation of delay in filing appeal - Auction of the Corporate Debtor as a going concern - lease deed continues in the name of Corporate Debtor - sale of shares of corporate debtor - it was held by NCLAT that There are no error in the carrying out auction of the corporate debtor as going concern - HELD THAT - The impugned order of the NCLAT is dated 1 March 2023. The appeal has been filed on 24 May 2023. The delay of 22 days in filing the appeal is beyond the period of fifteen days which can be condoned under Section 62 of the Insolvency and Bankruptcy Code. The Civil Appeal is dismissed on the ground of delay.

Summary

The Supreme Court dismissed the Civil Appeal due to a delay of 22 days in filing the appeal beyond the condonable period under Section 62 of the Insolvency and Bankruptcy Code. The impugned order of the NCLAT was dated 1 March 2023, and the appeal was filed on 24 May 2023.