#NCLAT Rules

The NCLAT has ruled that e-filing under the Insolvency and Bankruptcy Code completes on the day of submission, regardless of time, as long as it occurs before midnight. This overturns the application of Delhi High Court’s 1600 hrs cutoff to NCLAT proceedings, affirming that statutory limitation periods end at 23:59:59 - a critical win for insolvency practitioners and litigants navigating digital filing deadlines.

The Supreme Court ruled that an appeal under Section 61 of the Insolvency and Bankruptcy Code (IBC) is rendered incompetent-not just defective-if filed without a certified copy of the impugned order. This precedent reinforces strict procedural compliance in IBC appeals, impacting insolvency practitioners and creditors challenging NCLT/NCLAT orders.