Consider the following statements about appeals under Part II of the Insolvency and Bankruptcy Code,…
Section 61(2) fixes thirty days for an appeal to the NCLAT, and its proviso allows further time only up to fifteen days, so (ii) is wrong. Section 61(6), inserted in 2026,…
Choose your answer
Consider the following statements about appeals under Part II of the Insolvency and Bankruptcy Code, 2016:
(i) An appeal to the NCLAT must be filed within thirty days.
(ii) The NCLAT may condone any delay in filing if sufficient cause is shown, without an outer limit.
(iii) The NCLAT shall dispose of the appeal within three months from the date of its receipt.
(iv) An appeal from an order of the NCLAT lies to the Supreme Court on a question of law.
Which of the statements are correct?
Answer and explanation
Correct answer D
Section 61(2) fixes thirty days for an appeal to the NCLAT, and its proviso allows further time only up to fifteen days, so (ii) is wrong. Section 61(6), inserted in 2026, says the NCLAT "shall dispose of the appeal within three months", and section 62 allows an appeal to the Supreme Court on a question of law. Hence "Only (i), (iii) and (iv)" are correct.
Practice for these exams
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