NCLAT Dismisses S Ten Lighting Appeal Over Delay

NCLAT rejects S Ten Lighting's application to condone a 20-day delay in filing an appeal against an order.
The Tribunal cites jurisdictional limits under IBC Section 61(2), allowing a maximum delay condonation of only 15 days.
The ruling upholds the Supreme Court precedent set in National Spot Exchange Limited vs. Anil Kohli (2022).
Consequently, the main appeal memo is also rejected due to the insurmountable procedural delay.