2024 (4) TMI 691 - SCH - Insolvency and Bankruptcy

Prayer for condonation of delay - it was held by NCLAT that Our jurisdiction to condone the delay being limited to 15 days and we having held that benefit of Section 14 of the Limitation Act cannot be extended to exclude period during which I.A. No. 2337 of 2023 and I.A. No. 3270 of 2023 remained pending before the Adjudicating Authority, the Delay Condonation Applications which prays condonation of 74 days delay deserves to be dismissed. HELD THAT - There are no reason to interfere with the order of the National Company Law Appellate Tribunal since no substantial question of law is involved in the appeal - appeal dismissed.

Summary

The Supreme Court dismissed the appeal as no substantial question of law was involved in the case. The order of the National Company Law Appellate Tribunal dated 19 January 2024 in IA No 5497 of 2023 in Company Appeal (AT)(Insolvency) No 1528 of 2023 was upheld.