Supreme Court set aside NCLAT’s 10‑Nov‑2025 order condoning delay, declaring the appeal filed by M Lalitha legally defective.
The appeal lacked the mandatory certified copy of the 14‑Aug‑2024 NCLT order and exceeded the permissible refiling period.
NCLAT’s condonation of a 150‑day delay, with a ₹50,000 deposit, was held improper; parties each bear their own costs.