# In the matter of The Sub-Registrar Office & Anr. vs. Venkataraman Subramanian, Official Liquidator JBM Shelters Pvt. Ltd. & Anr.

> NCLAT judgment dated 2026-03-17. Citation: TCN-2026-NCLAT-00110. The liquidator preferred an application before the Learned Tribunal seeking a declaration…

- **Court:** NCLAT
- **Order date:** 17 Mar 2026
- **Citation:** TCN-2026-NCLAT-00110
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-chennai/the-sub-registrar-office-anr-vs-venkataraman-subramanian-official-liquidator-jbm-88bc8821

## Summary

### Background

The liquidator preferred an application before the Learned Tribunal seeking a declaration regarding the General Power of Attorney dated 12.01.2012. The Adjudicating Authority upheld the validity of the Power of Attorney and directed the Sub Registrar to register the Construction Agreement and Agreement to Sell.

## Facts

The liquidator sought a declaration regarding the General Power of Attorney dated 12.01.2012.

The Adjudicating Authority upheld the validity of the Power of Attorney and directed the Sub Registrar to register certain agreements.

The Appellant filed a Condone Delay Application seeking condonation of 53 days of delay.

The Appellant cited codal formalities as the reason for the delay.

The Tribunal considered Section 61 of the I & B Code, 2016, and the Law of Limitation.

The Tribunal found the reasons for the delay unsatisfactory.

The Condone Delay Application was rejected, and the Company Appeal was dismissed.

## Issues and analysis

### Issue 1: Whether the delay in filing …

**Ratio:** The delay cannot be condoned if it exceeds the permissible limit under Section 61 of the

…

**Reasoning:** The Tribunal found the reasons provided by the Appellant for the delay unsatisfactory and

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**Interpretation:** The provisions of Section 61 of the I & B Code, 2016, and the Law of

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**Application:** The Condone Delay Application was rejected as the delay exceeded the

…

## Parties

- **Judges:** Sharad Kumar…; Indevar P…
- **Appellants:** The Sub-Registrar…
- **Respondents:** JBM Shelters Pvt.…; Venkataraman…
- **Other parties:** Venkataraman…
- **Advocates:** Sandeep H…

## Timeline

- **12.01.2012 — Date of General Power…**: General Power of…
- **11.12.2025 — Date of Impugn…**: The Learned Adjudicating Authority…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61 — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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