Tribunal grants appeal delay, upholds liquidator's decision, dismisses appeal without costs.

The tribunal granted condonation of delay in filing an appeal due to the counsel's illness and tribunal closure, allowing the appeal to proceed without costs. Regarding the termination of a contract and arbitration proceedings, the tribunal upheld the liquidator's rejection of the appellant's claim, deeming it appropriate due to the time-bound nature of liquidation. The appeal was dismissed without costs as the tribunal found it lacking in merits.

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Issues involved:
The issues involved in the judgment are the condonation of delay in filing an appeal and the legal infirmities in the impugned order regarding termination of a contract and arbitration proceedings.

Condonation of Delay Issue:
The appellant sought condonation of delay in filing an appeal due to the counsel's illness and confusion regarding the appropriate tribunal. The delay of 12 days was attributed to the counsel's illness and the tribunal's closure for summer holidays. The tribunal, considering the circumstances, extended judicial leniency and allowed the appeal to proceed without costs.

Termination of Contract and Arbitration Issue:
The appellant, an interstate transmission licensee, entered into contracts for a transmission project. Due to delays by the consortium, the appellant terminated the contract and initiated arbitration proceedings. The appellant contended that the adjudicating authority erred in dismissing their application despite pending arbitration proceedings. The appellant argued that the termination of the contract should be subject to the arbitration outcome and that the liquidation proceedings should not extinguish pending claims. The tribunal reviewed the impugned order and concluded that the liquidator's rejection of the appellant's claim was appropriate, considering the time-bound nature of liquidation. The tribunal found the appeal devoid of merits and dismissed it without costs.

Separate Judgment:
No separate judgment was delivered by the judges in this case.

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