# In the matter of Premco Rail Engineers Ltd. Vs. Korba West Power Company Ltd. and Another CA(AT)(Ins)Nos.1105-1106 of 2019

> NCLAT judgment dated 2019-10-22. Citation: TCN-2019-NCLAT-00202. The Appellant, Premco Rail Engineers (P) Ltd., filed an appeal against an order dated June…

- **Court:** NCLAT
- **Order date:** 22 Oct 2019
- **Citation:** TCN-2019-NCLAT-00202
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/premco-rail-engineers-ltd-vs-korba-west-power-company-ltd-and-another-ca-cef9749f

## Summary

### Background

The Appellant, Premco Rail Engineers (P) Ltd., filed an appeal against an order dated June 24, 2019, and July 5, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad, approving the resolution plan. The appeals were filed with a delay of 64 and 53 days, respectively.

## Facts

Premco Rail Engineers Ltd. filed an appeal against the Adjudicating Authority's order approving a resolution plan. The appeal was filed with a delay of 64 and 53 days. Shapoorji Pallonji & Co. Pvt. Ltd. also filed an appeal against the same order. Premco Rail Engineers Ltd. requested to intervene in Shapoorji Pallonji & Co. Pvt. Ltd.'s appeal. The Adjudicating Authority was the National Company Law Tribunal, Ahmedabad Bench.

## Issues and analysis

### Issue 1: Whether the Appellate Tribunal can condone the delay in filing the appeal beyond the period …

**Ratio:** Section 61(2) of the I&B Code empowers the Appellate Tribunal to condone delays in

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**Reasoning:** The Appellate Tribunal noted that the appeals were filed with a delay of 64 and 53 days,

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**Interpretation:** Section 61(2) of the I&B Code sets a strict timeline for filing appeals and

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**Application:** In this case, the delay of 64 and 53 days exceeded the permissible limit of 15

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## Parties

- **Judges:** S.J. Mukhop…; A.I.S. C…; +2 more
- **Appellants:** Premco Rail…
- **Respondents:** Korba West Power…
- **Advocates:** Swarendu Ch…; Pallavi P…

## Timeline

- **2019-06-24 — Order by Adjudicating…**: The Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad,…
- **2019-07-05 — Order by Adjudicating…**: The Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad,…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 61(2) — Appeals and Appellate Authority](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-61)

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