This appeal impugns the grader, dated 20-6-2001 passed by the learned Banking Court No,II, Gujranwala. The appeal is admittedly time-barred. It is for this reason an application for condonation of delay has been filed by the appellant. Since a period of filing of appeals has been specified in the Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act, 1997 itself, the provisions of section 29 of the Limitation Act are applicable. As such, delay in the filing of the appeal cannot be condoned under section 5 of the Limitation Act or under any other legal provision. We have also gone through the grounds set out in the application for condonation of delay. It has been averred in the said application that a writ petition was filed by the appellant to challenge the impugned order which was withdrawn because an appellate remedy was available.
Ignorance of law cannot constitute a valid ground for condoning delay.
2. For the foregoing reasons we find that this appeal is time-barred. It is, therefore, dismissed.