WebApr 9, 2024 · In a recent case in which the seizure of a vehicle was done on allegations of fraudulent business activities and fake claims of ITC, the Orissa High Court directed to release of the vehicle after payment of penalty under Section 129(1) (b) of … WebJun 29, 2024 · The Application for Condonation of Delay is seeking condonation of delay of 624 days. The Bench stated Section 61 (1) and (2) of the Insolvency and Bankruptcy Code, 2016 (IBC) which clearly provides the period of Appeal against impugned order is of 30 days and delay which could be condoned by this Tribunal is only 15 days.
Delay Not Condoned by NCLAT as per Section 61 (1) & (2) of IBC
WebNov 28, 2024 · 28 Nov 2024 11:00 AM GMT. The National Company Law Appellate Tribunal ("NCLAT"), Chennai Bench, comprising of Justice M. Venugopal (Judicial Member) and … WebMay 28, 2024 · The judgment passed by the NCLAT New Delhi, in its decision in Kuntal Construction Pvt. Ltd. vs. Bharat Hotels Ltd. (Company Appeal (AT) ... This is not a valid ground for requesting the condonation of delay. There should be a sufficient cause for the delay and no one can claim condonation as a matter of right. Click here to see the … family hotels port stephens
Even if, a fraud has been played, the delay beyond 15 days in ...
WebLiquidation Act for condonation of delay in filing the liquidation application. Heard and perused the records. 5 After hearing the learned RP, this Tribunal is on the opinion that the delay of 53 days may be condoned. Hence the delay of 53 days from 10.04.2024 to 01.06.2024 in filing the Liquidation Application IA(IBC)/87/KOB/2024 is ... WebUnder which section NCLAT may exempt the period of limitation in filing an appeal. In the matter of M.K. Resely & Ors. v Union Bank of India. NCLAT, chennai… WebNCLAT held that as per Section 61(1) any person aggrieved by the order of the Adjudicating Authority under this part may file an appeal to the Appellate Tribunal. ... In Para 3 of the Application, reasons have been assigned for condonation of delay alleging that “this appeal petition delay is due to multi ailments of health issues of ... family hotels plan de corones