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Condonation of delay nclat

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 https://mommykazam.com

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

NCLAT Fortnightly: Important orders on IBC (March 16 - 31, 2024)

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Condonation of delay nclat

NCLAT Fortnightly: Important orders on IBC (March 16 - 31, 2024)

Webjustifying the ‘Condonation of Delay’. 8. The Learned Counsel for the ‘Appellant’ urges before this ‘Tribunal’ that in IA/186/2024 in CP(IB)/88/9/AMR/2024 at Paragraphs 9 and 10 the ... under the IBC before the NCLT/NCLAT, the expression ‘Court’ in Section 14(2)would be deemed to be any forum for a civil proceedings including WebJan 9, 2024 · It noted that the statutory time limit of thirty days had expired and an application for condonation of delay had not been filed. Rule 22 of the National Company Law Appellate Tribunal Rules (“NCLAT Rules”) provides that every appeal must be accompanied with a certified copy of the impugned order, which had not been annexed …

Condonation of delay nclat

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WebApr 10, 2024 · The Delhi National Company Law Appellate Tribunal (NCLAT) while dismissing the appeal held that delay beyond 15 days is uncondonable as per statutory … WebSep 30, 2024 · The limitation prescribed for filing an appeal before the NCLAT under Section 61 of the Code and Section 421 of Companies Act cannot be imported while considering condonation of delay in refiling ...

WebAug 5, 2024 · The NCLAT held that since the exclusion of 245 days had been granted in the CIRP period, the benefit of condonation of delay should have also been available to the … WebJan 16, 2024 · 8. In view of the aforesaid decision of the Apex Court, there is no necessity for the tenant to file an application for condonation of delay along with R.C.A. No. 99 of …

WebSep 9, 2024 · The NCLAT held that the appeal filed by the appellant was without limitation provided u/s 61 of the Code of a period of 30 days and section 61(2) proviso, an … WebSep 16, 2024 · It was stated that there was a delay of 44 days in preferring the appeal before NCLAT as the said appeal was required to be filed within a maximum period of 45 …

WebJan 17, 2024 · Against this, the Appellant filed an appeal in the NCLAT Principal Bench. Learned Counsel for the Respondent contended that the Appeal is barred by time and …

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 … cook sydney ivf blastocyst vitrification kitWebApr 8, 2024 · The Bench held that there is no scope for condonation of delay beyond the period of 15 days much less 45 days, as there is no window available for NCLAT to … family hotels pragueWebSection 60(5) of the IBC for condonation of delay in filing its claim. 13. Being aggrieved the Appellant filed an appeal before the learned NCLAT under Section 61 of the IBC, which has been dismissed by the judgment and order impugned in this appeal, mainly on the ground that the Resolution Process had been approved by the Committee of Creditors on cooks xl 10 qt slow cookerWebappeal before NCLAT on 20.07.2024. The appeal was filed along with an application for condonation of delay. 7. By an order dated 04.08.2024, the Appellate Tribunal … family hotels portsmouthWebApr 10, 2024 · The NCLAT held that there is no scope for condonation of delay beyond the period of (30+15) days as there is no window available for the NCLAT to exercise its jurisdiction for condonation of delay under Section 61 of the Code. Similarly, in Pushpa Builders Limited v. family hotels provenceWebApr 10, 2024 · The NCLAT held that there is no scope for condonation of delay beyond the period of (30+15) days as there is no window available for the NCLAT to exercise its jurisdiction for condonation of delay under Section 61 of the Code. Similarly, in Pushpa … family hotels portugal algarveWebApr 10, 2024 · The Delhi National Company Law Appellate Tribunal (NCLAT) while dismissing the appeal held that delay beyond 15 days is uncondonable as per statutory provisions so no scope for condonation of delay beyond the period of 15 days much less 45 days. Mrinal Harshvardhan, Advocate appeared for the appellant. cooks yelp