NCLAT CANNOT CONDONE DELAY BEYOND 15 DAYS IN APPEAL AGAINST DECISION OF NCLT: SUPREME COURT 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]. A Bench of Justices MR Shah and Aniruddha Bose held that the NCLAT can condone a delay only up to 15 days as prescribed in proviso to Section 61(2) of IBC. The Court, therefore, dismissed an appeal filed by National Spot Exchange Limited (NSEL) against an order of NCLAT which had refused to condone the delay of 44 days in preferring the appeal against an order passed by NCLT. Delay cannot be condoned even in exercise of powers under Article 142 of the Constitution, the Supreme Court held. Reddy & amp; Reddy Law Firm is the association of skilled advocates and will help you in all matters.