https://www.taxtmi.com/caselaws?id=353577 The Tribunal granted condonation of delay in filing auditor certificates for the proposed Scheme of Arrangement, emphasizing the mandatory requirement of such certificates under relevant statutory provisions. Despite the initial rejection due to delay, the Tribunal considered the petitioners' genuine reasons, attributed the delay to communication issues, and exercised discretion to allow the application. By balancing procedural requirements with substantial justice, the Tribunal ensured stakeholders were not prejudiced and the Scheme could be evaluated on its merits. en-us Tue, 07 Nov 2017 00:00:00 +0530 Sat, 06 Jan 2018 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353577 The Tribunal granted condonation of delay in filing auditor certificates for the proposed Scheme of Arrangement, emphasizing the mandatory requirement of such certificates under relevant statutory provisions. Despite the initial rejection due to delay, the Tribunal considered the petitioners' genuine reasons, attributed the delay to communication issues, and exercised discretion to allow the application. By balancing procedural requirements with substantial justice, the Tribunal ensured stakeholders were not prejudiced and the Scheme could be evaluated on its merits. Case-Laws Companies Law Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353577