NCLAT Rejects Appeal: 17-Day Delay Exceeds IBC 15-Day Limit

Alpesh Vasudev Gandhi Vs Small Industries Development Bank of India (SIDBI) & Ors. (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT), Delhi, dismissed an appeal filed by Alpesh Vasudev Gandhi against the Small Industries Development Bank of India (SIDBI) & Ors., ruling that a 17-day delay in filing the appeal was beyond its jurisdiction to condone. The appeal was filed on June 9, 2025, challenging an order pronounced in open court on April 21, 2025. The Insolvency and Bankruptcy Code (IBC), specifically the proviso to Section 61(2), mandates that an appeal must be file...