IndusInd Bank's 2-Day Appeal Delay Condoned

Authority: The National Company Law Appellate Tribunal, Principal Bench, New Delhi

Order Date: 5th August, 2026

Case Overview

This interlocutory application (IA No.5484/2026) was filed by IndusInd Bank Ltd. (Appellant) seeking an extension of time for curing defects in its memo of appeal filed against Yes Bank Ltd. & Anr. (Respondents). The appeal pertains to an un-numbered Company Appeal (AT) (Ins.) matter. The factual background states that the Appellant e-filed the Memo of Appeal on 20th July 2026. The NCLAT office scrutinized the appeal and intimated the defects to the Appellant on 22nd July 2026. The Appellant subsequently re-filed the appeal on 31st July 2026. No one appeared on behalf of the Appellant during the proceedings. The Registrar considered the averments in the IA and the office report.

Final Outcome

The NCLAT found the reasons mentioned in the IA sufficient and condoned the delay of 2 days in re-filing the Memo of Appeal. The case has been listed before the Hon'ble Bench under the heading 'for admission (fresh case)'. The interlocutory application stands disposed of with this order.

This content describes a procedural legal matter and may not be financially relevant.

Topics: Banking Litigation, NCLAT Procedure, Delay Condonation