Tata Steel Ltd vs Raj Kumar Banerjee

The Supreme Court examined the procedural aspects of condonation of delay in filing an appeal under the Insolvency and Bankruptcy Code, 2016. The National Company Law Appellate Tribunal had allowed the condonation, which was challenged by the appellant. The Court upheld the tribunal's decision, emphasizing the importance of substantive justice and the discretion vested in appellate authorities to condone delays. The judgment reinforces the Court's approach towards procedural flexibility in insolvency proceedings.