2024 (9) TMI 624 - SCH - IBC

Rejection of appeal on grounds of being filed beyond the prescribed time limit - it was held by NCLAT that 'Since the Appellants have invoked Appellate Jurisdiction under Section 61 of the I B Code, 2016, as against the Impugned Order rendered by the NCLT without giving a challenge to the Orders passed on the IAs, rejecting their intervention, the Appeal at their behest would not be maintainable.' HELD THAT - There are no reason to interfere with the impugned order passed by the National Company Law Appellate Tribunal at Chennai - Appeal dismissed.

Summary

The Supreme Court dismissed the Civil Appeal and upheld the order passed by the National Company Law Appellate Tribunal in Company Appeal (Insolvency) No. 337 of 2022 dated 9 July 2024. Pending applications were disposed of.