The Asset Reconstruction Company India Limited (ARCIL) filed an appeal against an order dated 22 October 2019, passed by the Adjudicating Authority/National Company Law Tribunal, Ahmedabad Bench, approving the Resolution Plan of Maruti Koatsu Cylinders Limited. The appeal was filed on 29 January 2020, with a delay of 52 days. ARCIL contended that the delay should be condoned because the cause of action was continuous, stemming from a letter filed before the Registrar of the NCLT on 26 November 2019, and the subsequent order dated 19 December 2019. The Respondent No. 2, the Successful Resolution Applicant, argued that the appeal was filed beyond the permissible limitation period under Section 61(2) of the IBC, which allows for a maximum delay of 15 days beyond the

The Asset Reconstruction Company India Limited (ARCIL) filed an appeal against an order dated 22 October 2019, passed by the Adjudicating Authority/National Company Law Tribunal, Ahmedabad Bench, approving the Resolution Plan of Maruti Koatsu Cylinders Limited. The appeal was filed on 29 January 2020, with a delay of 52 days. ARCIL contended that the delay should be condoned because the cause of action was continuous, stemming from a letter filed before the Registrar of the NCLT on 26 November 2019, and the subsequent order dated 19 December 2019. The Respondent No. 2, the Successful Resolution Applicant, argued that the appeal was filed beyond the permissible limitation period under Section 61(2) of the IBC, which allows for a maximum delay of 15 days beyond the