Time-bound insolvency appeals now require the National Company Law Appellate Tribunal to dispose of matters within three months. The Insolvency and Bankruptcy Code is amended to insert a new provision in section 61 requiring the National Company Law Appellate Tribunal to dispose of an appeal within three months from the date of receipt. The amendment introduces a time-bound disposal requirement for the appellate process and applies as a procedural mandate within the insolvency appellate framework.