Condonation of delay of 193 days in filing appeal - The ‘time ...

Tribunal Allows 193-Day Appeal Delay, Excludes Legal Remedy Time u/s 61(2) of Insolvency & Bankruptcy Code 2016.

March 17, 2021

Case Laws     Insolvency and Bankruptcy     AT

Condonation of delay of 193 days in filing appeal - The ‘time spent’ in prosecuting the legal remedy by the Petitioner/Appellant/Bank is required to be excluded while computing the period of limitation as envisaged under section 61(2) of the ‘Insolvency & Bankruptcy Code, 2016 - this ‘Tribunal’ by adopting a practical, purposeful, meaningful, a rational approach and by taking a pragmatic view of the matter in a lenient and liberal manner condones the delay of 193 days in furtherance of substantial cause of justice. - AT

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