https://www.taxtmi.com/caselaws?id=113498 A statutory appeal under section 483 of the Companies Act, 1956 was construed purposively to preserve a workable right of appeal, and the Division Bench held the appeal maintainable under the existing appellate structure. The Court also held the appeals were within limitation because the time spent obtaining certified copies was excludible, so the absence of a separate condonation application did not defeat maintainability. On the merits, the confirmed company-court sale in favour of the highest bidder was not disturbed, as the later interveners lacked comparable diligence, had not complied with deposit directions, and no compelling ground existed to unsettle a completed transaction merely because a higher offer emerged later. en-us Thu, 12 Nov 2009 00:00:00 +0530 Tue, 28 Oct 2014 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113498 A statutory appeal under section 483 of the Companies Act, 1956 was construed purposively to preserve a workable right of appeal, and the Division Bench held the appeal maintainable under the existing appellate structure. The Court also held the appeals were within limitation because the time spent obtaining certified copies was excludible, so the absence of a separate condonation application did not defeat maintainability. On the merits, the confirmed company-court sale in favour of the highest bidder was not disturbed, as the later interveners lacked comparable diligence, had not complied with deposit directions, and no compelling ground existed to unsettle a completed transaction merely because a higher offer emerged later. Case-Laws Companies Law Thu, 12 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113498