Limitation Period for IBC Appeal Starts from Pronouncement of Order: NCLAT

Tarandeep Kaur Ahluwalia & Ors. Vs One City Infrastructure Pvt. Ltd. & Ors. (NCLAT Delhi) In the case of Tarandeep Kaur Ahluwalia & Ors. Vs One City Infrastructure Pvt. Ltd. & Ors., the National Company Law Appellate Tribunal (NCLAT) addressed the issue of the limitation period for filing an appeal under Section 61 of the Insolvency and Bankruptcy Code (IBC). The appellants sought condonation of delay for filing their appeals, which were delayed by one day beyond the prescribed period of 15 days after the statutory 30-day period. The appellants argued that the limitation perio...