https://www.taxtmi.com/caselaws?id=99737 The court imposed a time limit of August 31, 1979, for entertaining applications under section 391(1) of the Companies Act, 1956, and required proposers to obtain statutory approvals within six months. The court reserved the power to relax time limits only in exceptional circumstances to facilitate the company's reconstruction efficiently. en-us Mon, 16 Jul 1979 00:00:00 +0530 Mon, 30 Jan 2012 10:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99737 The court imposed a time limit of August 31, 1979, for entertaining applications under section 391(1) of the Companies Act, 1956, and required proposers to obtain statutory approvals within six months. The court reserved the power to relax time limits only in exceptional circumstances to facilitate the company's reconstruction efficiently. Case-Laws Companies Law Mon, 16 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99737