Insolvency and Bankruptcy LawCivil Procedure and Evidence
Section 61’s fifteen-day condonable limit is strict; unsupported explanations do not constitute sufficient cause.
The Appellant challenged the order dated 12 May 2023 passed by the NCLT, Chennai Bench, disposing of an application filed by the Liquidator under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (“IBC”).
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