Delay cannot be condoned beyond statutory period of 15 Days stipulated u/s 61(2) of IBC

National Spot Exchange Limited Vs Anil Kohli (Supreme Court of India)

Conclusion: NCLAT had rightly refused to condone the delay of 44 days in preferring the appeal against the order passed by the NCLT and rejected the claim of the appellant as the period of 15 days which maximum could have been condoned in view of specific statutory provision contained in Section 61(2) of the IB Code.

Held: In the present case, even appellant applied for the certified cop

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