Case Law Analysis
|National Company Law Appellate Tribunal
Section 61 IBC | Limitation for Appeals Begins from Oral Pronouncement Date, Not Upload or Certified Copy : NCLAT
NCLAT clarifies that the 30-day limitation period for filing appeals under Section 61 of the Insolvency and Bankruptcy Code starts from the date of oral pronouncement in open court, not from the upload of the order or receipt of a certified copy. This ruling impacts homebuyers and financial creditors challenging resolution plans, ensuring timely appeals are calculated from the correct date.