Judgment briefs
Supreme Court of India

Tata Steel Ltd. v. Raj Kumar Banerjee & Ors.

(i) Whether the additional condonable period of 15 days as provided under section 61(2) IBC commences from the end of the prescribed…

Allowed
Court
Supreme Court of India
Decided
7 May 2025
Citation
[2025] 5 S.C.R. 814
Case no.
CIVIL APPEAL No. 408/2023
Bench
J.b. Pardiwala, R Mahadevan

Issue for consideration

(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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