# SATURN VENTURES AND ADVISORS PVT. LTD. ETC. vs. S. GOPALAKRISHNAN

> SC judgment dated 2025-08-18. Citation: TCN-2025-SC-00131. This appeal, Civil Appeal Diary No. 20174/2025, arose from an impugned final judgment and order…

- **Court:** SC
- **Order date:** 18 Aug 2025
- **Citation:** TCN-2025-SC-00131
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/saturn-ventures-and-advisors-pvt-ltd-etc-vs-s-gopalakrishnan-sbuiy

## Summary

### Background

This appeal, Civil Appeal Diary No. 20174/2025, arose from an impugned final judgment and order dated 13-02-2025 passed by the National Company Law Appellate Tribunal (NCLAT) at New Delhi. The appellant filed applications for condonation of delay in filing and refiling/curing defects (IA No. 192681/2025 and IA No. 192682/2025) before the Supreme Court.

## Facts

The appeal is Civil Appeal Diary No. 20174/2025.

The appeal arises from an impugned final judgment and order dated 13-02-2025 in CAAT(I) Nos. 645/2024 and 839/2024 passed by the National Company Law Appellate Tribunal at New Delhi.

Applications for condonation of delay in filing (IA No. 192681/2025) and condonation of delay in refiling/curing defects (IA No. 192682/2025) were filed.

The matter was called for hearing on 18-08-2025.

The appeal was found to be barred by time.

Section 62 of the Insolvency and Bankruptcy Code, 2016, prescribes a specific limitation period for appeals.

The Supreme Court cannot extend the limitation prescribed under Section 62 of the Insolvency and Bankruptcy Code, 2016, even by one day.

## Issues and analysis

### Issue 1: Whether the Supreme Court can extend the limitation period prescribed under Section 62 of the …

**Ratio:** The Supreme Court cannot extend the limitation period prescribed under Section 62 of the

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**Reasoning:** The order explicitly states that 'This appeal is barred by time as it is not permissible

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**Interpretation:** Section 62 of the IBC imposes a strict and non-extendable limitation period for

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**Application:** The Court applied this strict interpretation of Section 62 to the present

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## Parties

- **Judges:** Sanjay…; SATISH CHANDRA…
- **Appellants:** SATURN VENTURES…
- **Respondents:** S. Gopalakr…
- **Advocates:** Ritin Rai, Sr.…; Anne Mathew…; +2 more

## Timeline

- **2025-02-13 — NCLAT Impugne…**: Final judgment and order passed by the National Company Law Appellate Tribunal (NCLAT) at…
- **2025-08-18 — Supreme Court Hearing…**: The matter was called for hearing before the Supreme Court, and the appeal was dismissed…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 62 — Appeal to Supreme Court](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-62)

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