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Informative

Condonation of 17-Day Delay Exceeds 15-Day Limit u/s 612 of IBC: NCLAT Rejects Appeal

Update / Judgement Date

28 Sept 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

NCLAT rejected an appeal seeking condonation of a 17-day delay, exceeding the 15-day limit under Section 612 of the IBC. The judgment underscores the importance of strict adherence to statutory timelines and procedural compliance in insolvency matters. It reinforces the principle that delays beyond prescribed limits cannot be condoned lightly, ensuring consistency and predictability in application of insolvency law.