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Delay of 466 days in filing appeal deemed inordinate and ...


Appeal Dismissed Due to 466-Day Delay; Financial Difficulties Not Accepted as Justification by Appellate Tribunal.

August 2, 2024

Case Laws     Insolvency and Bankruptcy     AT

Delay of 466 days in filing appeal deemed inordinate and unexplained. Financial crunch cited as ground for delay not accepted as satisfactory, given appellant received substantial amount u/s 36(4)(a)(iii). Adjudicating authority rightly rejected plea for condonation of delay. Appeal dismissed by Appellate Tribunal on ground of limitation, not warranting interference.

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