S.61 IBC | When Judgment Is Pronounced In Open Court, Limitation Period Runs From That Day : Supreme Court

The Supreme Court clarified that under Section 61 of the IBC, when a judgment is pronounced in open court, the limitation period for filing an appeal runs from that day, not necessarily the date of the written order. This ruling provides clarity on the commencement of the limitation period for appeals against NCLT/NCLAT orders. It emphasizes the significance of the open court pronouncement date. This decision ensures a consistent and transparent approach to calculating appeal deadlines under the IBC.