Authority: National Company Law Appellate Tribunal, Principal Bench, New Delhi
Order Date: 11th August, 2026
Case Overview
This Interlocutory Application (IA No.5647/2026) was filed by JM Financial Asset Reconstruction Company Ltd., which is the assignee of Equitas Small Finance Bank Ltd., seeking extension of time for curing defects in their appeal filing. The appellant had originally e-filed the Memorandum of Appeal on 8th July 2026. The NCLAT office conducted scrutiny of the appeal and intimated the defects to the appellant on 23rd July 2026. The appellant subsequently refiled the appeal on 6th August 2026, resulting in a 7-day delay from the defect intimation date.
Final Outcome
The NCLAT Registrar, after hearing the appellant's counsel and reviewing the IA averments and office report, found the reasons for delay sufficient. The tribunal condoned the 7-day delay in refiling the Memorandum of Appeal. The case was directed to be listed before the Hon'ble Bench under the heading 'for admission (fresh case)'. The Interlocutory Application stands disposed of with this order.
Topics: NCLAT Procedure, Appeal Filing Delay, Debt Recovery