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<h1>Appeal dismissed due to excessive delay in application with no satisfactory explanation.</h1> The Securities Appellate Tribunal, Mumbai, in 2006 (9) TMI 584, rejected an application for condonation of delay due to a delay of over 870 days with no ... - The judgment by the Securities Appellate Tribunal, Mumbai, in 2006 (9) TMI 584 stated that an application for condonation of delay was rejected due to a delay of over 870 days with no satisfactory explanation provided. The appeal was not admitted.