NCLAT allows appeal against NCLT Mumbai's order dismissing Section 9 IBC application as time-barred, finding erroneous limitation computation.
Tribunal holds that COVID limitation exclusion period from 15.03.2020 to 28.02.2022 extends filing deadline to 17.11.2023 for 02.12.2018 default.
Case involves ₹1.86 crore operational debt claim by Vardhman Cables against Elecon Energy Solutions through 13 invoices from 2018-2020.
Matter remanded to NCLT for fresh adjudication on merits of insolvency application, with parties to appear on 14.10.2026.