Recurring Opportunity could not be granted to Rectify defect in Appeal Against NCLT Order: NCLAT

The National Company Law Appellate Tribunal (NCLAT) has held that a litigant cannot be granted recurring opportunities to rectify a defect in their appeal filed against an NCLT order. The tribunal emphasized the importance of adhering to procedural rules and timelines. The case involved an appellant who had failed to cure a defect in their appeal within the stipulated time and was seeking another chance. The NCLAT observed that while the rules allow for an opportunity to rectify defects, this cannot be an endless process. Granting repeated extensions would undermine the time-bound nature of the proceedings under the Insolvency and Bankruptcy Code. This ruling sends a clear message to litigants that they must be diligent and must comply with the procedural requirements of the appellate process in a timely manner, as indefinite opportunities for correction will not be provided.