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    <title>2024 (8) TMI 1719 - CALCUTTA HIGH COURT</title>
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    <description>The time fixed in an earlier judgment for establishing a clearing corporation or tying up with another eligible clearing corporation was extended, as the applicants had shown continuing steps to complete the required arrangement and no dilatory conduct or lack of bona fides was found. The court treated the pending sale of land and efforts to secure recognised clearing corporation arrangements as sufficient justification to enlarge the compliance period. The stipulated period was therefore extended by a further six months from the date of the order.</description>
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      <description>The time fixed in an earlier judgment for establishing a clearing corporation or tying up with another eligible clearing corporation was extended, as the applicants had shown continuing steps to complete the required arrangement and no dilatory conduct or lack of bona fides was found. The court treated the pending sale of land and efforts to secure recognised clearing corporation arrangements as sufficient justification to enlarge the compliance period. The stipulated period was therefore extended by a further six months from the date of the order.</description>
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