https://www.taxtmi.com/caselaws?id=465830 Section 10F of the Companies Act, 1956 permits condonation of delay only up to a further sixty days beyond the initial filing period, and that special outer limit prevails over the general law of limitation; delay beyond that maximum cannot be extended. In contrast, a petition under Sections 397 and 398 alleging a continuing series of oppression and mismanagement is assessed on a continuing cause of action, so limitation does not run solely from the first alleged act where later acts and non-remedied conduct are shown. The court ultimately set aside the impugned share allotments and transfers with consequential relief. en-us Thu, 12 May 2022 00:00:00 +0530 Sat, 10 Jan 2026 10:54:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465830 Section 10F of the Companies Act, 1956 permits condonation of delay only up to a further sixty days beyond the initial filing period, and that special outer limit prevails over the general law of limitation; delay beyond that maximum cannot be extended. In contrast, a petition under Sections 397 and 398 alleging a continuing series of oppression and mismanagement is assessed on a continuing cause of action, so limitation does not run solely from the first alleged act where later acts and non-remedied conduct are shown. The court ultimately set aside the impugned share allotments and transfers with consequential relief. Case-Laws Companies Law Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465830