https://www.taxtmi.com/caselaws?id=199492 The High Court remanded the case to the Company Law Board (CLB) to decide on condoning the delay in filing appeals. The CLB, following Supreme Court precedents, allowed the condonation of delay under Section 5 of the Limitation Act. The appellants' continuous efforts to resolve the issue internally and the absence of gross negligence or deliberate inaction justified the delay. The CLB directed the company to register the shares in the appellants' names within 30 days from the receipt of the new order, as the delay in filing the appeals had been condoned. en-us Fri, 12 Feb 1999 00:00:00 +0530 Mon, 05 Mar 2018 11:04:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199492 The High Court remanded the case to the Company Law Board (CLB) to decide on condoning the delay in filing appeals. The CLB, following Supreme Court precedents, allowed the condonation of delay under Section 5 of the Limitation Act. The appellants' continuous efforts to resolve the issue internally and the absence of gross negligence or deliberate inaction justified the delay. The CLB directed the company to register the shares in the appellants' names within 30 days from the receipt of the new order, as the delay in filing the appeals had been condoned. Case-Laws Companies Law Fri, 12 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199492