NCLAT Dismisses Lokaa Developer Appeals as Time-Barred

NCLAT dismissed appeals by home buyers against Lokaa Developer's resolution plan approval due to filing delays exceeding statutory limits.
Appellants sought condonation of 14-day delay but tribunal computed 46-day delay from order pronouncement date.
Tribunal applied Supreme Court precedents holding IBC limitation starts from pronouncement, not order upload date.
Appeals filed on December 13, 2025 were deemed barred as they exceeded 45-day maximum limitation period.