Computation Of Limitation Must Be From Date Of E-Filing Of Appeal: NCLAT Principle Bench

The NCLAT Delhi recently addressed the issue of computing limitation periods for filing appeals under the Insolvency and Bankruptcy Code (IBC). The Tribunal clarified that the date of e-filing of an appeal is considered the date of its submission, which triggers the computation of the limitation period. This means that the appeal will be deemed filed on the date it is electronically submitted, not the date it is physically received or processed. This ruling aims to standardize the process and avoid confusion about when an appeal is considered officially lodged. The decision is significant for ensuring timely filings and compliance with procedural deadlines in insolvency proceedings.