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Wadhwa Rubber vs Bandex Packaging Pvt. Ltd

National Company Law Appellate Tribunal24 August 2022

Ratio decidendi

The rule this decision rests on

Where the time for appeal runs from the date of an order and the appellant relies on obtaining a certified copy, the limitation period under Section 61 of the Insolvency and Bankruptcy Code, 2016 is computed from the date on which the certified copy was prepared, not from the date on which it was delivered to the appellant. An appellant who has actual knowledge of the dismissal of its application, having been represented by counsel, cannot extend the statutory limitation period by delaying its application for a certified copy; the non-supply of a copy free of cost does not excuse a delay of about a year in seeking one. An appeal filed beyond the 30-day period under Section 61(1), together with the additional 15-day period under the proviso to Section 61(2), is time-barred, and the Appellate Authority may condone delay only upon being satisfied that there is sufficient cause for it.

Written by Miss Lucy from the judgment below, not taken from a headnote.

Judgment

As delivered

NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPALBENCH, NEW DELHICompany Appeal (AT) (Ins.) No. 576 OF 2021IN THE MATTER OF:

Wadhwa Rubber ...Appellant

Versus

Bandex Packaging Pvt. Ltd. ...Respondent

For Appellant: Mr. Mohit Aggarwal, Advocate For Respondents: None

ORDER

24.08.2022: This appeal is directed against the order dated 08.01.2020

by which an application filed under Section 9 of the Insolvency and

Bankruptcy Code, 2016 (in short 'Code') has been dismissed.

2. We have found from the record that the Appellant had applied for the

certified copy of the order dated 08.01.2020 on 10.02.2021 i.e. almost after a

year. The copy of the order was prepared on 17.02.2021. It was taken by the

Appellant on 06.04.2021 and then the appeal is filed on 04.08.2021. During

the Course of the hearing, the Appellant was asked as to why the appeal was

not filed within 30 days from the date of the order dated 08.01.2020. In this

regard, he submitted that the copy which is to be given free of cost was not

supplied and therefore, the certified copy was applied on 10.02.2021 and when

it was delivered, the appeal was filed which is within limitation.

3. We have heard Counsel for the Appellant and perused the record.

4. The application filed under Section 9 of the Code by the Appellant was

dismissed on 08.01.2020. It cannot be imagined that the factum of dismissal

of the application was not within the knowledge of the Appellant who was

represented by the Counsel. Despite that, the Appellant did not care to apply

for the certified copy for over a year and has made a lame excuse that it was

to be supplied free of cost. However, the certified copy appears to have been

applied on 10.02.2021 and was prepared on 17.02.2021 but the Appellant

spent almost two months even in taking the certified copy from the Tribunal.

It is well settled that the limitation is to be counted not from the date of delivery

of the certified copy but from the date of preparation of the certified copy. In

this case it was prepared on 17.02.2021 and if the limitation is to be counted

from 17.02.2021 the same had expired much earlier than the date of filing of

the appeal on 04.08.2021.

5. Thus, looking from any angle, the appeal filed by the Appellant is

without limitation provided under Section 61 of the Code of a period of 30 days

and Section 61(2) proviso an additional period of 15 days for which discretion

is granted to the Appellate Authority to condone only on being satisfied that

there is a sufficient cause for condonation of delay.

6. In view of the aforesaid facts and circumstances, the present appeal is

hereby dismissed as being barred by limitation.

[Justice Rakesh Kumar Jain] Member (Judicial)

[Dr. Alok Srivastava] Member (Technical) SC/RR

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