IBC Section 61(2) | NCLAT Cannot Condone Appeal Filed Beyond 45 Days: Supreme Court

IBC Section 61(2) | NCLAT Cannot Condone Appeal Filed Beyond 45 Days: Supreme Court

The Supreme Court set aside the NCLAT’s order condoning the delay and upheld Tata Steel’s appeal, stressing that statutory appeal timelines must be strictly followed. It held that when the law does not permit condonation, even a one-day delay is fatal, underscoring the importance of adhering to prescribed limitation periods.