https://www.taxtmi.com/caselaws?id=105990 The court dismissed the application seeking to set aside an order of admission due to the company's absence during the hearing. The court found the company's explanation of misplaced papers insufficient, stating negligence cannot excuse absence. The reconciliation statement was deemed genuine and legally valid, indicating the company's liability. The court upheld the admission of liability by the company despite challenges raised by the petitioner. The application was rejected, with the court finding no merit in the arguments presented, including those related to the reconciliation statement, arbitration clause invocation, and compliance with payment conditions. en-us Wed, 08 Mar 2000 00:00:00 +0530 Mon, 12 Mar 2012 12:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105990 The court dismissed the application seeking to set aside an order of admission due to the company's absence during the hearing. The court found the company's explanation of misplaced papers insufficient, stating negligence cannot excuse absence. The reconciliation statement was deemed genuine and legally valid, indicating the company's liability. The court upheld the admission of liability by the company despite challenges raised by the petitioner. The application was rejected, with the court finding no merit in the arguments presented, including those related to the reconciliation statement, arbitration clause invocation, and compliance with payment conditions. Case-Laws Companies Law Wed, 08 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105990