The NCLAT dismissed the appeal, declining to condone the delay of 156 days in re-filing. The appellant's...

The NCLAT dismissed the appeal due to a failure to condone a 156-day delay in re-filing. The appellant's justification for the delay was deemed inadequate, and the NCLAT stressed the importance of adhering to procedural timelines under the IBC. Citing Supreme Court precedents, the NCLAT noted that extending statutory timelines is only permissible in exceptional cases not caused by the litigants. The appellant's inability to provide a sufficient reason for the significant delay, which seemed intended to obstruct the resolution process, led to the dismissal of the appeal. .....

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