No Appeal under Section 61 may be Filed Against an Order which is not Covered by Part II of I & B Code: NCLAT

The NCLAT ruled that an appeal under Section 61 of the Insolvency and Bankruptcy Code (IBC) cannot be filed against an order not covered under Part II of the Code. This clarification underscores the jurisdictional limits of the appellate process in the IBC framework. The ruling restricts appeals to only those decisions that fall within the scope of the law, ensuring that parties cannot seek an appeal on procedural matters outside the specific provisions of IBC. This brings clarity to the process and ensures efficient resolution of insolvency matters.