Insolvency appeals are time-bound, no leeway beyond 45 days: NCLAT

Economic Times - Sep 15, 2026

The NCLAT stressed insolvency proceedings are time-bound and appeals must be filed promptly. An appeal against a revival order was rejected for exceeding the allowed time. The tribunal noted a maximum 15-day condonable period for delayed filings. The suspended director's explanation for delay was deemed insufficient by the bench. Consequently, the appeal was declared not maintainable and dismissed by the NCLAT.

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