2025 (3) TMI 1512 - AT - IBC

Delay of 193 Days in Filing Appeal Under IBC Not Condoned Due to Lack of Satisfactory Reasons

The NCLAT dismissed the application for condonation of a 193-day delay in filing the appeal under IBC, holding that no satisfactory reasons were provided ... Condonation of delay of 193 days in filing appeal - sufficient reasons for delay or not - HELD THAT:- Appeal arises out of IBC proceeding where timelines have its own relevance - no satisfactory reason has been given for condoning the delay of 193 days in refiling. The application for condonation of refiling delay is rejected. The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, in I.A. No. 1093/2025, considered an application for condonation of a 193-day delay in refiling an appeal under the Insolvency and Bankruptcy Code (IBC) proceedings. The appellant cited 'genuine and unavoidable circumstances,' specifically the severe brain stroke of his father resulting in paralysis and the appellant's role as primary caregiver, which allegedly hindered timely refiling. The Tribunal emphasized the strict timelines inherent to IBC appeals and held that the appellant's explanation was not a 'sufficient cause' to condone the delay. The Tribunal concluded that 'no satisfactory reason has been given for condoning the delay of 193 days,' and accordingly rejected the application for condonation as well as the memo of appeal.