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

Order Date: 16 October 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) heard an interlocutory application (I.A. No.4837 of 2026) in the matter of Company Appeal (AT) (Ins.) No. 1270 of 2026. The application was filed by the Appellants, Ebix Singapore Pvt. Ltd. & Anr., seeking condonation of a 71-day delay in refiling their appeal against the Respondent, State Bank of India. The Appellants explained that the delay occurred due to two primary reasons: the NCLAT's summer vacation period in June and a serious medical condition of Appellant No.2, who was diagnosed with oral cancer and underwent multiple investigations, causing significant physical and mental disturbance. The Appellants submitted an affidavit dated 19 September 2026 along with medical investigation reports as documentary evidence to support their claim. The Respondent, State Bank of India, opposed the application, arguing that the delay had not been sufficiently explained.

After reviewing the record and hearing arguments from both parties, the Tribunal found that the medical evidence prima facie substantiated the Appellant's claim regarding the health condition of Appellant No.2. The Tribunal noted that the defects in the appeal filing required instructions and signatures from Appellant No.2, which could not be provided timely due to his medical condition. The Tribunal concluded that the delay of 71 days had been adequately explained by the circumstances.

Final Outcome

The NCLAT allowed the application for condonation of delay, thereby condoning the 71-day delay in refiling the appeal. I.A. No.4837 of 2026 was disposed of. Subsequently, the main appeal (Company Appeal (AT) (Ins.) No. 1270 of 2026) was admitted for consideration. The Tribunal issued notice to the Respondent, State Bank of India, and granted two weeks for filing a reply. The Appellant was given one week thereafter to file a rejoinder. The appeal was listed for the next hearing on admission (after notice) on 30 November 2026.

Topics: NCLAT Proceedings, Delay Condonation, Corporate Litigation