Supreme Court of India · 2021-09-14

National Spot Exchange Limited vs Anil Kohli Resolution Professional For ...

Citation / case number: AIR 2021 SUPREME COURT 4339
Court: Supreme Court of India
Petitioner: National Spot Exchange Limited
Respondent: Anil Kohli Resolution Professional For ...
Author: M.R. Shah
Bench: Aniruddha Bose, M.R. Shah

Judgment text excerpt

The Supreme Court addressed the appeal of National Spot Exchange Limited challenging the NCLAT's refusal to condone a 44-day delay in filing an appeal against the NCLT's order. The court emphasized the importance of adhering to timelines in insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. Ultimately, the Supreme Court upheld the NCLAT's decision, reinforcing the procedural rigor required in such cases.