Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 23 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) reviewed a procedural matter concerning the limitation period for an appeal filed by Canara Bank against an order of the Adjudicating Authority (NCLT). The impugned order was passed on 22 April 2026, making the ordinary limitation period expire on 22 May 2026. The Tribunal noted that the Registry had reported 'No Delay' in filing and sought an explanation for this calculation.
The Registry explained that the limitation was calculated after excluding the time consumed in the preparation of the certified copy of the impugned order. Specifically, the application to obtain the certified copy was filed by the Appellant (Canara Bank) on 18 May 2026, and the certified copy was provided on 8 June 2026. Since the application was filed within 30 days of the pronouncement of the judgment (22 April 2026), the time taken for copy preparation (18 May to 8 June) was rightfully excluded, making the appeal within the prescribed limitation period.
Final Outcome
The Tribunal concurred with the Registry's explanation and calculation method. The appeal filed by Canara Bank was deemed to be within the limitation period. The matter was listed for further hearing on 27 July 2026.
Topics: NCLAT, Limitation Period