https://www.taxtmi.com/caselaws?id=303321 The Tribunal dismissed a Company Petition seeking approval of a Scheme of Amalgamation due to a 201-day delay in filing, despite meetings and reports being completed. The reasons provided for the delay were deemed insufficient and did not meet the criteria of unavoidable causes as directed by the Tribunal. No costs were imposed on the Applicants. The judgment emphasizes the importance of timely compliance and adherence to procedural requirements in corporate legal proceedings, highlighting the need for parties to diligently follow prescribed timelines to avoid delays. en-us Thu, 13 Feb 2020 00:00:00 +0530 Wed, 13 Jul 2022 21:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303321 The Tribunal dismissed a Company Petition seeking approval of a Scheme of Amalgamation due to a 201-day delay in filing, despite meetings and reports being completed. The reasons provided for the delay were deemed insufficient and did not meet the criteria of unavoidable causes as directed by the Tribunal. No costs were imposed on the Applicants. The judgment emphasizes the importance of timely compliance and adherence to procedural requirements in corporate legal proceedings, highlighting the need for parties to diligently follow prescribed timelines to avoid delays. Case-Laws Companies Law Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303321