https://www.taxtmi.com/caselaws?id=388716 The court held that the Company Law Board (CLB) exceeded its authority by using inherent powers to review its orders, as the power of review was not explicitly granted by the regulations. The respondents' delay in filing the rejoinder was deemed unjustified, with no evidence supporting allegations of misleading statements or fabricated documents. As a result, the appeal was successful, and the CLB's order was overturned. en-us Tue, 19 Nov 2019 00:00:00 +0530 Thu, 21 Nov 2019 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388716 The court held that the Company Law Board (CLB) exceeded its authority by using inherent powers to review its orders, as the power of review was not explicitly granted by the regulations. The respondents' delay in filing the rejoinder was deemed unjustified, with no evidence supporting allegations of misleading statements or fabricated documents. As a result, the appeal was successful, and the CLB's order was overturned. Case-Laws Companies Law Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388716