IBC Section 61(2) Limitation Period Starts from Order Pronouncement: SC

A Rajendra Vs Gonugunta Madhusudhan Rao & Ors (Supreme Court of India) The Supreme Court of India has upheld an order by the National Company Law Appellate Tribunal (NCLAT), dismissing appeals filed by A Rajendra, a shareholder and suspended Managing Director of Dharti Dredging and Infrastructure Limited (Corporate Debtor). The NCLAT had dismissed the appeals due to the appellant’s failure to file them within the stipulated period under the Insolvency and Bankruptcy Code, 2016 (IBC), and the subsequent dismissal of applications for condonation of delay. The case originated from two o...