Delay condoned and review petitions dismissed; penalties under Companies Act, 1956 against key managerial personnel upheld SC condoned the delay and dismissed review petitions challenging the imposition of penalties under the Companies Act, 1956 on key managerial personnel of ...
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Delay condoned and review petitions dismissed; penalties under Companies Act, 1956 against key managerial personnel upheld
SC condoned the delay and dismissed review petitions challenging the imposition of penalties under the Companies Act, 1956 on key managerial personnel of two companies. The court found no error, apparent or otherwise, in the impugned order and declined to reconsider it, thereby upholding the penalty direction and refusing relief to the petitioners.
IA No. 265793/2025 (application for grant of oral hearing in review petition) "is rejected." Delay in filing is "condoned." The Court has examined the review petition(s) and supporting grounds and finds no error, "much less apparent, in the order impugned, warranting its reconsideration." On that basis, the review petition(s) "shall stand dismissed accordingly." The decision rests on absence of any arguable or apparent error in the impugned order sufficient to meet the high threshold for review; no further factual or legal analysis altering the original conclusion is indicated.
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