NCLAT Rejects Kotak Mahindra Bank 112-Day Refiling Delay

NCLAT rejects Kotak Mahindra Bank's application to condone 112-day delay in refiling insolvency appeal.
Bank cited voluminous documents, rescanning needs, and retrieval difficulties from Mumbai as reasons for delay.
Tribunal found explanations vague, unsupported by defect sheets, and contrary to IBC's time-bound mandate.
Appeal dismissed due to insufficient cause demonstrated, upholding respondent's opposition citing precedent cases.