Supreme Court · 2025 INSC 639 · Decided 7 May 2025
Tata Steel LTD. v. Raj Kumar Banerjee & ORS.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 639 · [2025] 5 S.C.R. 814
- Case number
- CIVIL APPEAL No. 408/2023
- Decided
- 7 May 2025
- Bench
- J.B. PARDIWALA, R MAHADEVAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Limitation Act Section 3, 2(j), 4; IBC Section 61(2), 238A
Headnote
(i) Whether the additional condonable period of 15 days as provided under section 61(2) IBC commences from the end of the prescribed limitation period of 30 days, in case the prescribed limitation period for filing the appeal falls on a day when the court is closed or (ii) What is the meaning of the term 'prescribed period' as defined under Section 2(j) read with Section 4 of the Limitation Act, 1963 and Rule 3 of the NCLAT Rules, 2016? (iii) Whether the NCLAT has the power to condone the delay beyond the said prescribed and condonable
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