NCLAT Has No Power To Condone Delay Beyond 45 Days Under IBC: Supreme Court
The Supreme Court of India on May 7, 2025, held that the National Company Law Appellate Tribunal (NCLAT) has no jurisdiction to condone delay beyond 45 days in filing an appeal under Section 61(2) of the Insolvency and Bankruptcy Code, 2016 (IBC). A bench of Justice JB Pardiwala and Justice R Mahadevan emphasized that the NCLAT, as a statutory body, cannot exercise powers beyond what is explicitly conferred upon it.…
