NCLAT refuses to condone 1-day delay beyond statutory 45-day limit under Section 61(2) IBC despite e-filing portal glitches
NCLAT observed that Tribunal cannot clothe itself with a jurisdiction which has not been vested upon it by the legislature. Thus, grant condonation of delay beyond the 15th day even on equitable consideration or on the ground of hardship or technical considerations will amount to jettisoning the intent of the legislature which is impermissible.