The appeal was preferred by the proprietor of 'Woolways Exports' against the order dated 14th November, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Bench III, New Delhi under Sections 43, 44 and 45 of the ‘Insolvency and Bankruptcy Code, 2016'. The appeal was filed after a delay of 79 days, beyond the permissible condonation period.
The proprietor of 'Woolways Exports' filed an appeal against an order dated 14th November, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Bench III, New Delhi. The appeal was filed with a delay of 79 days beyond the initial 30-day period for filing. Section 61(2) of the Insolvency and Bankruptcy Code stipulates a 30-day filing period, with the Appellate Tribunal empowered to condone a delay of only 15 additional days. The delay of 79 days exceeded this condonable limit.
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The Adjudicating Authority (National Company…
The Appellate Tribunal dismissed the appeal…
The appeal was preferred by the proprietor of 'Woolways Exports' against the order dated 14th November, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Bench III, New Delhi under Sections 43, 44 and 45 of the ‘Insolvency and Bankruptcy Code, 2016'. The appeal was filed after a delay of 79 days, beyond the permissible condonation period.
The proprietor of 'Woolways Exports' filed an appeal against an order dated 14th November, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Bench III, New Delhi. The appeal was filed with a delay of 79 days beyond the initial 30-day period for filing. Section 61(2) of the Insolvency and Bankruptcy Code stipulates a 30-day filing period, with the Appellate Tribunal empowered to condone a delay of only 15 additional days. The delay of 79 days exceeded this condonable limit.
The Adjudicating Authority (National Company…
The Appellate Tribunal dismissed the appeal…