SC: Mere Mention of 'Arbitration' Does not Form Agreement Without Clear Intent  ||  SC: No Entitlement to Job as Compensation for Land Acquired under Land Acquisition Act  ||  SC: Court Cannot Probe Credibility of FIR Allegations While Entertaining Quashing Plea  ||  SC: Notice under Indian Forest Act Does not Transfer Private Forests to Maharashtra Law  ||  SC: Unilateral Termination of Sale Agreement Invalid if Contract Does Not Permit it  ||  NCLAT: Pre-COVID Defaults do not Exempt Debtors From Insolvency Proceedings  ||  NCLAT: Liquidator Must Obtain NCLT Approval Before Conducting Private Sale  ||  NCLAT: Contract Termination for Performance Default Not Barred by CIRP Moratorium  ||  Kerala HC: Partial Specific Performance Not Allowed if Defendant Holds Undisputed Property Title  ||  Kerala HC: Complainant Must be Informed if Probe Against FIR-Named Accused is Dropped    

NCLAT, Chennai: No Condonation Beyond 45 Days, IBC Overrides Limitation Act - (27 Jan 2023)

INSOLVENCY

National Company Law Appellate Tribunal, Chennai ruled that Section 238 of Insolvency & Bankruptcy Code, 2016 overrides Section 12 of the Limitation Act, 1963. The court declined to condone a delay of 55 days in filing of appeal, which was caused due to time taken to obtain certified copy of order.

Tags : NATIONAL COMPANY LAW APPELLATE TRIBUNAL   CONDONE  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved