![[IBC] NCLAT cannot condone delay beyond 15 days in appeal against decision of NCLT: Supreme Court](https://gumlet.assettype.com/barandbench%2F2021-09%2F82a5390b-dfab-41fe-97b2-faab744620a8%2FSupreme_Court_and_IBC__2_.jpg?auto=format%2Ccompress&fit=max)
The Supreme Court on Tuesday held that as per Section 61(2) of the Insolvency and Bankruptcy Code, the National Company Law Appellate Tribunal (NCLAT) cannot condone a delay beyond 15 days in an appeal filed against a decision of the National Company Law Tribunal (NCLT) [National Spot Exchange Limited v. Mr. Anil Kohli, Resolution Professional].
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