https://www.taxtmi.com/caselaws?id=172572 The court upheld the decision of the Appellate authority for Industrial & Financial Reconstruction (AIFR) to dismiss the appeal as time-barred due to being filed beyond the prescribed 45-day limitation period. The petitioners' claim of receiving the BIFR order within the limitation period was unsubstantiated, as no evidence of rejection by the Registrar of BIFR existed. Emphasizing the importance of timely appeals in cases involving industrial and financial reconstruction, the court dismissed the writ petition, stressing the need for prompt legal action to prevent prejudice and setbacks in proceedings. The parties were left to bear their own costs. en-us Fri, 22 May 1998 00:00:00 +0530 Tue, 25 Aug 2015 15:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172572 The court upheld the decision of the Appellate authority for Industrial & Financial Reconstruction (AIFR) to dismiss the appeal as time-barred due to being filed beyond the prescribed 45-day limitation period. The petitioners' claim of receiving the BIFR order within the limitation period was unsubstantiated, as no evidence of rejection by the Registrar of BIFR existed. Emphasizing the importance of timely appeals in cases involving industrial and financial reconstruction, the court dismissed the writ petition, stressing the need for prompt legal action to prevent prejudice and setbacks in proceedings. The parties were left to bear their own costs. Case-Laws Companies Law Fri, 22 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172572