Apex court condones 12-day delay in insolvency appeal filing, matter remitted to NCLAT for merits decision.

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....The Supreme Court allowed the appeal and held that the delay of around 12 days (not of 17 days) in filing the appeal was within the condonable limit of 15 days u/s 61(2) of the Insolvency and Bankruptcy Code, 2016. The application for condonation of delay should be decided on merits by the NCLAT. The matter will be listed before the NCLAT on 29.01.2025 for further proceedings.....