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NATIONAL COMPANY LAW APPELLATE TRIBUNAL
ASHOK BHUSHAN, J
Sumit Singh Basisth & Anr. – Appellant
Versus
Sare Gurugram Pvt. Ltd. & Anr. – Respondent
| Table of Content |
|---|
| 1. delay applications filed to challenge nclt's approval. (Para 1 , 2 , 3) |
| 2. appellants argue ignorance of cirp process. (Para 7 , 8) |
| 3. argument on statutory interpretation of limitation period. (Para 9 , 10 , 11) |
| 4. court clarifies limitation period issues and strict adherence. (Para 12 , 14 , 18) |
| 5. final ruling on dismissal of delay applications. (Para 24 , 25) |
JUDGMENT
ASHOK BHUSHAN, J.
1. I.A. No. 808 of 2024 and I.A. No. 1251 of 2024 have been filed praying for condonation of delay in filing these two Appeals.
2. Company Appeal (AT) Ins. No. 138 of 2024 has been filed challenging the Order passed by the NCLT, Principal Bench, New Delhi dated 24th April, 2023 in I.A. No. 702/PB/2022 by which order, the Adjudicating Authority has approved the Resolution Plan of the Corporate Debtor-Sare Gurugram Pvt. Ltd. This Appeal has been e-filed on 25th January, 2024, there being delay in filing the Appeal, I.A. No. 808 of 2024 has been filed.
3. Company Appeal (AT) Ins. No. 367 of 2024 has been filed challenging the Order passed by the NCLT, Principal Bench, New Delhi dated 24th April, 2023 in I.A. No. 702/PB/2022 by which order, the Adjudicating Authority has approved the Resolu
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