Delay Beyond Extended Limitation Not Condonable: Upholding Finality of Timelines in IBC Liquidation Appeals
Introduction The insolvency legal landscape regarding the sacrosanct nature of timelines under the IBC1 has always been a topic of altercation. One of the fundamental jurisdictional questions is whether the NCLT2 can wield its discretionary power to condone delays in filing an appeal against a liquidator’s decision. Such a question becomes even more pertinent in light of the unprecedented extensions […]
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