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    <description>An appeal under the Insolvency and Bankruptcy Code, 2016 filed beyond the prescribed limitation period can be condoned only on a satisfactory explanation showing sufficient cause for the entire delay. A delay application that merely repeats the appeal pleadings and does not disclose any real reason for late filing is inadequate. The special limitation regime under the Code is treated as self-contained, so the general law of limitation or a liberal approach cannot override it without sufficient justification. In the stated facts, the 186-day delay was not condoned and the appeal was held barred by limitation.</description>
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      <description>An appeal under the Insolvency and Bankruptcy Code, 2016 filed beyond the prescribed limitation period can be condoned only on a satisfactory explanation showing sufficient cause for the entire delay. A delay application that merely repeats the appeal pleadings and does not disclose any real reason for late filing is inadequate. The special limitation regime under the Code is treated as self-contained, so the general law of limitation or a liberal approach cannot override it without sufficient justification. In the stated facts, the 186-day delay was not condoned and the appeal was held barred by limitation.</description>
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