https://www.taxtmi.com/caselaws?id=285579 The court affirmed the Company Law Board's authority to entertain petitions beyond prescribed periods under Section 58 of the Companies Act, 2013, applying principles of the Limitation Act, 1963. It held that Section 5 of the Limitation Act is applicable to quasi-judicial bodies like the CLB, emphasizing the importance of complete justice. The court concluded that Section 433 of the Companies Act, 2013, allowing retrospective application of the Limitation Act, could prevent manifest injustice, dismissing the appeal and highlighting the need to avoid multiplicity of proceedings. en-us Fri, 16 Dec 2016 00:00:00 +0530 Sat, 18 Jan 2020 10:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285579 The court affirmed the Company Law Board's authority to entertain petitions beyond prescribed periods under Section 58 of the Companies Act, 2013, applying principles of the Limitation Act, 1963. It held that Section 5 of the Limitation Act is applicable to quasi-judicial bodies like the CLB, emphasizing the importance of complete justice. The court concluded that Section 433 of the Companies Act, 2013, allowing retrospective application of the Limitation Act, could prevent manifest injustice, dismissing the appeal and highlighting the need to avoid multiplicity of proceedings. Case-Laws Companies Law Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285579