Limitation Period For Filing Appeal U/S 61 Of IBC Commences From Date Of Order, Not From Date Of Its Receipt: NCLAT

The NCLAT has ruled that the limitation period for filing an appeal under Section 61 of the IBC commences from the date of the order, not from the date of its receipt. This decision clarifies the calculation of limitation periods in insolvency proceedings. It ensures that appeals are filed within the correct timeframe. This ruling underscores the need for clear guidelines on limitation periods. It emphasizes the importance of procedural clarity. The NCLAT's order reinforces legal procedures.