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The Economic Times

Economy / The Economic Times

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Insolvency appeals are time-bound, no leeway beyond 45 days: NCLAT

The NCLAT stressed insolvency proceedings are time-bound and appeals must be filed promptly. An appeal against a revival order was rejected for exceeding the allowed time. The tribunal noted a maximum 15-day condonable period for delayed filings. The suspended director's explanation for delay was deemed insufficient by the bench. Consequently, the appeal was declared not maintainable and dismissed by the NCLAT.

15 Sep 2026 9:42 pm