https://www.taxtmi.com/caselaws?id=341659 The court dismissed the company appeal due to a 135-day delay in lodging the appeal against an order by the Company Law Board. The court held that under the Companies Act, the power to condone delays beyond 60 days was restricted, emphasizing that the additional 60-day period was a maximum grace period and not part of the limitation period. Despite the applicant's explanation of medical conditions causing the delay, the court concluded that it lacked the authority to condone delays exceeding 60 days, leading to the dismissal of the company appeal. en-us Fri, 24 Feb 2017 00:00:00 +0530 Fri, 14 Apr 2017 07:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341659 The court dismissed the company appeal due to a 135-day delay in lodging the appeal against an order by the Company Law Board. The court held that under the Companies Act, the power to condone delays beyond 60 days was restricted, emphasizing that the additional 60-day period was a maximum grace period and not part of the limitation period. Despite the applicant's explanation of medical conditions causing the delay, the court concluded that it lacked the authority to condone delays exceeding 60 days, leading to the dismissal of the company appeal. Case-Laws Companies Law Fri, 24 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341659