Condonation cannot be granted under Section 61 of IBC as limitation period is 30 days which is extendable to 45 days

Isolux Corsan India Engineering & Constructions Pvt. Ltd. Vs Shailesh Verma, Erstwhile Resolution Professional of South East U.P. Power Transmission Company Ltd. (NCLAT Delhi)

Conclusion: In present facts of the case, the NCLAT rejected the application praying condonation of delay as it was filed after 45 days of the passing of the Impugned Order and by virtue of Section 61 of Insolvency and Bankruptcy Code, 2016 the condonation cannot be granted.

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