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    <title>2017 (11) TMI 1238 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI</title>
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    <description>The appeal against the rejection of the application under Sections 397, 398, and 402 of the Companies Act, 1956 was dismissed by the Appellate Tribunal. The delay in filing the appeal was not condoned as the reasons provided for the delay, related to the unexpected death of appellant No. 1&#039;s uncle, were deemed unsatisfactory. The Appellate Tribunal emphasized the importance of adhering to statutory timelines and providing valid reasons for seeking condonation of delay. Consequently, the appeal was dismissed as barred by limitation, without costs.</description>
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      <description>The appeal against the rejection of the application under Sections 397, 398, and 402 of the Companies Act, 1956 was dismissed by the Appellate Tribunal. The delay in filing the appeal was not condoned as the reasons provided for the delay, related to the unexpected death of appellant No. 1&#039;s uncle, were deemed unsatisfactory. The Appellate Tribunal emphasized the importance of adhering to statutory timelines and providing valid reasons for seeking condonation of delay. Consequently, the appeal was dismissed as barred by limitation, without costs.</description>
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