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2026 Supreme(Online)(NCLAT) 210

NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Sharad Kumar Sharma, Judicial Member
HUSSAIN SOMJEE – Appellant
Versus
ASSETS CARE AND RECONSTRUCTION ENTERPRISE LIMITED – Respondent
IA No.1685/2025 in Company Appeal (AT) (CH) (Ins) No.597/2025 (IA No.1684/2025)|IA No.1686/2025 in Company Appeal (AT) (CH) (Ins) No.598/2025 (IA No.1687/2025)



For the Appellants/Petitioners:Mr. Joshua Samuel, Advocate
For the Respondents:Mr. SK Sharma & Mr. Vishesh Singh, Advocates for R2, Ms. Mallika Kamal, Advocate, Mr. Manoj Kumar Anand, RP

Limitation for IBC appeal commences from open court pronouncement date, not uploading; no Section 12 exclusion if certified copy applied after 30-day limit expires, emphasizing party diligence.

Headnote:(A) Insolvency and Bankruptcy Code, 2016 - Sections 61, 35(1)(n), proviso to Section 61(2) - Limitation Act, 1963 - Sections 4, 12 and Explanation - Limitation for appeal - Order pronounced in open court on 01.08.2025, uploaded on 07.08.2025 (first part), substantive part on 26.09.2025 - Certified copy applied on 29.09.2025, received on 06.10.2025 - Appeal e-filed on 06.11.2025 - Held, limitation commences from date of pronouncement in open court; uploading date relevant only if not pronounced - No exclusion under Section 12 if certified copy application made after 30 days limitation expiry - Representation to registry on administrative side not valid for limitation - Appeal filed beyond 30+15 days, not condonable. (Paras 5-31)

(B) Limitation - Computation - Time for certified copy preparation before application not excludable - Party must apply within limitation to claim exclusion - Pronounced order triggers limitation even if uploaded later; diligence required by applying timely. (Paras 16-25)

Facts of the case:
Two appeals challenging dismissal of applications seeking status quo on secured assets in insolvency proceedings of personal guarantor. Impugned order dated 01.08.2025 pronounced in open court, appellants present. Delay condonation sought claiming limitation from uploading date (26.09.2025), certified copy applied post-30 days.

Findings of Court:
Limitation runs from pronouncement date (02.08.2025), expires 31.08.2025; condonable period till 15.09.2025. Application for certified copy on 29.09.2025 too late for Section 12 exclusion. No proof order uploaded only on 26.09.2025; piecemeal upload argument rejected.

Issues: Whether limitation for appeal under Section 61 IBC commences from pronouncement or uploading date; entitlement to Section 12 exclusion without timely certified copy application; effect of registry representation.

Ratio Decidendi: Where order pronounced in open court, limitation triggers from that date irrespective of uploading; party must diligently apply for certified copy within 30 days for exclusion under Section 12 - time for court preparation pre-application not excludable; appeals beyond statutory/condonable period dismissed.

Result: Company appeals dismissed as time-barred; pending interlocutory applications closed.

Table of Content
1. background of appeals and delay condonation applications. (Para 1 , 2 , 3 , 4 , 5)
2. appellant's contention: limitation from order upload date. (Para 6 , 7 , 9 , 10 , 12 , 26 , 27 , 28)
3. court holds appeals time-barred; delay not condoned. (Para 11 , 25 , 29 , 30 , 31)
4. respondent's argument: limitation from pronouncement date. (Para 13 , 14 , 15 , 17 , 18 , 19 , 20)
5. precedents on limitation computation and section 12. (Para 16 , 21 , 22 , 23 , 24)

ORDER

(Hybrid Mode)

[ORAL JUDGMENT: Justice Sharad Kumar Sharma, Member (Judicial)] 10.02.2026:

These are two company appeals, and at the stage when we are considering these company appeals, we have been called upon to consider the accompanying Condone Delay Applications, which had been filed in support of the respective Company Appeals.

2. The Company Appeal (AT) (CH) (Ins) No.597/2025 has been preferred by the Appellant by invoking the provisions contained under Section 61 of I & B Code, 2016, being aggrieved against the impugned order of 01.08.2025 that was passed on IA No. 323/2025, as preferred in CP (IB) No. 15/BB/2023, passed by the Ld. NCLT Bengaluru Bench, which had dismissed the said application filed by the Appellant. The said order was delivered in 2 parts, the substantive part of which, as per the Appellant, was uploaded on 26.09.2025.

3. The application thus preferred under Section 35 (1) (n) of the I & B Code, 2016, had sought for a direction to Respondent No. 1 or to any other person claiming through or under them to desist from, in any manner, dealing with the secured assets as detailed in the schedule of properties accompanying the application and to preserve the "status quo" in relation to the property. The Ld. Tribunal, after considering the said application on merits, has observed that the application thus preferred, being IA No. 323/2025, doesn't merit consideration.

4. Similarly, in Company Appeal (AT) (CH) (Ins) No.598/2025, the Appellant challenges the order passed on 01.08.2025 on IA No. 324/2025 in CP (IB) No.15/BB/2023, dismissing the said application. The application, being IA No. 324/2025, contained a prayer, which was identical to the subject matter of consideration of IA No. 323/2025, which is under challenge in Company Appeal (AT) (CH) (Ins) No.597/2025. The Ld. Tribunal, almost for the akin reason, had proceeded to dismiss the said application by the impugned order under challenge. Be that as it may.

5. At this stage, we are not concerned with regards to the merits of the matter, but rather we have been called upon to deal with an issue on the subject of limitation. The Company Appeal (AT) (CH) (Ins) No.597/2025 is accompanied with a Condone Delay Application, being IA No. 1685/2025. The Condone Delay Application, thus preferred by the Appellant, has sought condonation of 12 days of delay. However, the total number of delay as reported by the Registry is 67 days. On the ground that the impugned order was passed on 01.08.2025 and the company appeal was e-filed only on 06.11.2025.

6. The Appellant disputes the computation of the Registry and has contended that, as a matter of fact, there happens to be only 12 days of delay for the reason being that, the impugned order that was passed, was pronounced on 01.08.2025 by the Ld. NCLT, but it was uploaded by the Ld. NCLT on its website only on 26.09.2025. Further, the Appellant had applied for certified copy of the impugned order on 29.09.2025, which was delivered on 06.10.2025. Accordingly, the statutory period of 30 days for filing the appeal as argued by the Ld. Counsel for the Appellant will have to be computed from 26.09.2025, and it will only expire on 26.10.2025. But since 26.10.2025 happens to be a Sunday, the limitation would be deemed to have been extended under Section 4 of the Limitation Act, and therefore the limitation period would be expiring on 27.10.2025. And thus, he has contended that, since the appeal was e-filed on 06.11.2025, the delay of 10 days from 27.10.2025 is within

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