If Tribunal Is Closed On Last Day Of Filing Appeal U/S 61 Of IBC, That Day Shall Stand Excluded As Per Rule 3 Of NCLAT Rules: NCLAT

The NCLAT ruled that if a tribunal is closed on the last day for filing an appeal under Section 61 of the IBC, that day is excluded as per Rule 3 of the NCLAT Rules. This decision clarifies the procedural aspects of filing appeals. It ensures that parties are not penalized for circumstances beyond their control. This ruling underscores the importance of procedural fairness. It highlights the need for clear rules in insolvency proceedings. The NCLAT's order provides clarity on appeal timelines.