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2017 Supreme(SC) 1023

RANJAN GOGOI, A.M.SAPRE, NAVIN SINHA
INTERNATIONAL ASSET RECONSTRUCTION COMPANY OF INDIA LTD. – Appellant
Versus
OFFICIAL LIQUIDATOR OF ALDRICH PHARMACEUTICALS LTD. – Respondent


Advocates Appeared:
For the Appellant :- E.C. Agrawala, Advocate.

JUDGMENT

NAVIN SINHA, J.

Leave granted.

2. A common question of law arising for consideration in both appeals is whether Section 5 of the Limitation Act, 1963 (hereinafter referred to as “the Limitation Act”), can be invoked to condone the prescribed period of 30 days, under Section 30(1) of the Recovery of Debts and Bankruptcy Act, 1993 (hereinafter referred as the “RDB Act”), for preferring an appeal before the Tribunal, against an order of the Recovery officer.

3. In view of the pure question of law involved, the facts of the case need not be elucidated. Suffice to observe that pursuant to a recovery certificate issued by the Tribunal under Section 19(22) of the RDB Act, the Recovery officer passed necessary orders under Section 28 of the Act. An appeal was preferred by the aggrieved against the same before the Tribunal, beyond the prescribed period of 30 days. It was held that Section 5 of the Limitation Act not being applicable to proceedings under Section 30 of the Act, the delay beyond the prescribed period could not be condoned.

4. Ms. Madhavi Divan, learned senior counsel o













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