Whether CIRP time limit 330 days is to be extended or not has to be seen comprehensively with the decision of the CoC whether any further time is to be granted – Triumph Commodities Pte. Ltd. Vs. Aster Pvt. Ltd. Represented by its Liquidator Mr. Naren Sheth – NCLAT Chennai

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The statutory provisions provide that delay beyond 15 days in preferring the appeal u/s 61 of IBC is uncondonable, the same cannot be condoned even in exercise of powers under Article 142 of the Constitution – National Spot Exchange Ltd. Vs. Mr. Anil Kohli, RP for Dunar Foods Ltd. – Supreme Court

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