2. The present appeal has been filed by 'Cloud9 Apartment Owner Association' who did not file the appeal within the statutory period of 30 days plus 15 days and rather filed WP(C) No. 12668 of 2022 before the Hon'ble High Court of Delhi which was disposed of on 24.03.2022 with the following orders:
"1. This hearing has been done through hybrid mode.
2. The Petitioner-, a registered association of flat buyers in the project titled 'Cloud9', has challenged the order dated 31st March, 2022 passed by the NCLT. Vide the impugned order, a Resolution Professional has been appointed and moratorium has been declared under section 14 of the Insolvency & Bankruptcy Code, 2016 ('IBC') by the NCLT.
3. The case of the Petitioner is that the project is 80-90% complete and for a debt of around Rs. 1.5 crore, the NCLT has directed the moratorium without considering the interest of the apartment owners.
4. The ld. Counsel for the Petitioner submits that the appeal against the impugned order of the NCLT could not be filed within the limitation period of 45 days period, in view of the fact that the Petitioner is a registered Apartment Owners Association and it took time in putting the association together. Moreover, as recorded in the order dated 22nd February 2023, 80%-90% of the project is completed, which in the opinion of this Court is an important fact that ought to be considered before the Resolution Process und........