Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 08 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two delay condonation applications (I.A. No. 8854 of 2024 and I.A. No. 358 of 2025) filed by the Small Industrial Development Bank of India (SIDBI). The applications sought to condone a delay in filing appeals (Comp. App. (AT) (Ins) No. 2360 of 2024 and Comp. App. (AT) (Ins) No. 88 of 2025) against an order dated 25 October 2024. The appellant cited the Diwali vacations, during which its offices were closed, and the time consumed in arranging documents and obtaining internal bank approvals as reasons for the delay. The registry reported that the 30-day limitation period expired on 24 November 2024, and the appeals were e-filed on 04 December 2024, resulting in an 11-day delay. No written objections were filed by any respondents, and no objections were raised by their counsel during the hearing.
Final Outcome
The NCLAT found the explanation for the 11-day delay sufficient and allowed both delay condonation applications. The delays were condoned. The tribunal noted that pleadings were complete and proceeded to hear the appeals finally, though the appellant's counsel could not conclude submissions. The matter was listed for further hearing on 24 July 2026. The Resolution Professional was permitted to file any additional affidavit before the next date of listing.
Topics: Legal Procedure, Corporate Insolvency