NCLAT Dismisses Tata Capital Personal Guarantor Appeals

NCLAT Chennai dismisses two appeals filed by personal guarantors P V Mohammed Equbal and Ponnuvalappil Zubair against Tata Capital Ltd.
The Appellate Tribunal rejects condonation of delay applications, finding appeals barred by limitation under Section 61 of I&B Code.
Tribunal holds High Court of Kerala exceeded jurisdiction by directing exclusion of time spent in writ proceedings from limitation period.
Ruling clarifies jurisdictional boundaries between High Courts and NCLAT in insolvency matters governed by special statute I&B Code.