https://www.taxtmi.com/caselaws?id=370030 The Tribunal dismissed the Applicants' Miscellaneous Application seeking an extension of interim relief, finding no merit in their arguments. The Applicants failed to timely present their appeal before an appropriate Bench, leading to delays. Despite citing financial burden and absence of vicarious liability, the Tribunal held that the Applicants had not demonstrated new grounds for urgency. SEBI's opposition, emphasizing waiver of rights and unique circumstances, was upheld. The Tribunal's decision highlighted the importance of timely action and adherence to procedural requirements in seeking relief. No costs were awarded in the case. en-us Wed, 17 Oct 2018 00:00:00 +0530 Thu, 08 Nov 2018 10:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370030 The Tribunal dismissed the Applicants' Miscellaneous Application seeking an extension of interim relief, finding no merit in their arguments. The Applicants failed to timely present their appeal before an appropriate Bench, leading to delays. Despite citing financial burden and absence of vicarious liability, the Tribunal held that the Applicants had not demonstrated new grounds for urgency. SEBI's opposition, emphasizing waiver of rights and unique circumstances, was upheld. The Tribunal's decision highlighted the importance of timely action and adherence to procedural requirements in seeking relief. No costs were awarded in the case. Case-Laws Companies Law Wed, 17 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370030