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CS Professional · Insolvency and Bankruptcy - Law and Practice · Adjudication and Appeals for Corporate Persons

Sunrise Textiles Ltd, a corporate debtor, is aggrieved by an order of the NCLAT passed in a corporate insolvency matter. It receives the order on 1 March. Within how many days from receipt can it file an appeal to the Supreme Court on a question of law under the Code?

The appeal must be filed within 45 days from the date of receipt of the NCLAT order. Section 62(1) of the Code fixes this period for a Supreme Court appeal on a question of law. The 30-day period applies only to appeals to the NCLAT.

  1. A30 days
  2. B45 daysCorrect
  3. C60 days
  4. D90 days

Explanation

Section 62(1) allows any person aggrieved by an NCLAT order to appeal to the Supreme Court on a question of law within forty-five days from receipt of the order. Thirty days is the period for appeal from the Adjudicating Authority to the NCLAT, not for the Supreme Court appeal.

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