Condonation of one-day filing delay accepted after medical emergency prevented timely signature on amalgamation petition.

A one-day delay in filing the main company petition for approval of a scheme of amalgamation was condoned because the applicant explained that the authorised signatory was unavailable due to a medical emergency and an alternate director had to be contacted for signature. The tribunal treated the delay as minimal and found the explanation sufficient, so the condonation application was allowed.

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Issues: Whether the delay of one day in filing the main company petition for approval of the scheme of amalgamation should be condoned.

Analysis: The application sought condonation of delay in filing the main company petition after the Chairperson's report was filed. The delay was explained as having occurred because the authorised signatory was unavailable on account of a medical emergency and an alternate director had to be contacted for signature. The delay was minimal and the explanation was accepted as sufficient.

Conclusion: The delay in filing the main company petition was condoned, and the application was allowed.

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