Procedural Direction To File An Affidavit On Ledger Accuracy Is Not Appealable U/S 61 Of IBC: NCLAT Chennai

The NCLAT (National Company Law Appellate Tribunal) Chennai bench has ruled that a "procedural direction to file an affidavit on ledger accuracy is not appealable under Section 61 of IBC." The tribunal clarified that an order from the Adjudicating Authority (NCLT) that merely directs a party to file an affidavit to confirm the accuracy of ledger accounts is procedural in nature. Such an order does not affect the rights or liabilities of the parties conclusively and is thus not a final appealable order under Section 61 of the Insolvency and Bankruptcy Code (IBC). This decision aims to prevent unnecessary appeals on interlocutory or administrative directions.