#Section 61 IBC

NCLAT ruled that under Section 61(2) IBC an appeal must be filed within 30 days and only a 15-day condonable period is allowed. Delays beyond 15 days, even with justified reasons, will be rejected, compelling appellants such as home-buyers to act promptly.

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.