Supreme Court of India · 2021-09-14

NATIONAL SPOT EXCHANGE LIMITED vs ANIL KOHLI RESOLUTION PROFESSIONAL FOR DUNAR FOODS LIMITED

Citation / case number: SC 2019/27666
Court: Supreme Court of India
Petitioner: NATIONAL SPOT EXCHANGE LIMITED
Respondent: ANIL KOHLI RESOLUTION PROFESSIONAL FOR DUNAR FOODS LIMITED
Author: HON'BLE MR. JUSTICE M.R. SHAH
Bench: HON'BLE MR. JUSTICE A.S. BOPANNA HON'BLE MR. JUSTICE M.R. SHAH

Judgment text excerpt

The Supreme Court addressed the appeal by National Spot Exchange Limited against the NCLAT's refusal to condone a 44-day delay in filing an appeal regarding the rejection of its claim in insolvency proceedings. The court emphasized the importance of adhering to timelines under the Insolvency and Bankruptcy Code, 2016, and upheld the NCLAT's decision, reinforcing the procedural rigor in insolvency matters. Consequently, the appeal was dismissed, affirming the lower court's ruling.