https://www.taxtmi.com/caselaws?id=126888 Time for deposit of the balance auction amount may be enlarged where the Companies (Court) Rules, 1959 permit the court to extend time and exercise inherent powers to secure the ends of justice. The extension can be granted on appropriate terms, including compensatory interest on the unpaid balance, and such discretion was upheld as proper in the circumstances. A company under liquidation could not independently maintain an appeal where its interests were already represented by the official liquidator, so the appeal was held not maintainable. The order allowing delayed deposit with interest was left undisturbed. en-us Sun, 26 Dec 2010 00:00:00 +0530 Thu, 18 Sep 2014 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126888 Time for deposit of the balance auction amount may be enlarged where the Companies (Court) Rules, 1959 permit the court to extend time and exercise inherent powers to secure the ends of justice. The extension can be granted on appropriate terms, including compensatory interest on the unpaid balance, and such discretion was upheld as proper in the circumstances. A company under liquidation could not independently maintain an appeal where its interests were already represented by the official liquidator, so the appeal was held not maintainable. The order allowing delayed deposit with interest was left undisturbed. Case-Laws Companies Law Sun, 26 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126888