Strict Timelines Under the IBC: Supreme Court Clarifies Computation of Limitation and Exclusion of Time

sketch of the Supreme Court of India
Case
THE ASSISTANT COMMISSIONER OF CENTRAL TAX CGST DIVISION v. SREENIVASA RAO RAVINUTHALA (Supreme Court of India, 14-10-2026)
Law
Companies Act, Insolvency and Bankruptcy Code, Limitation Act.

Highlights of the Judgment:

  • Detailed examination of the limitation period and absolute outer limits for filing appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016.
  • Interpretation of the interaction between Section 62 of the IBC and Section 12(2) of the Limitation Act, 1963 regarding the exclusion of time.
  • Analysis of the rule that periods of inaction prior to formally applying for a certified copy cannot be excluded.
  • Reiteration of binding precedents emphasizing the strict, time-bound statutory architecture of the IBC designed to prevent protracted litigation.