The Appellants filed an application under Section 59 read with Sections 397 & 398 of the Companies Act, 1956 before the Company Law Board in 2015, which was later transferred to the NCLT, Mumbai. The counsel for the appellants failed to appear on May 2, 2017, leading to the dismissal of the petition. Subsequently, the Applicants filed Miscellaneous Applications on May 8, 2017, seeking recall and modification of the order(s) dated May 2, 2017. The Adjudicating Authority refused to restore the petitions, considering the NCLT Rules. The Tribunal noted that amendment applications by the Appellants were dismissed earlier on February 6, 2017, and the Appellants were delaying the case by challenging orders before the Appellate Tribunal or the Supreme Court and not
…The Appellants initially filed an application under Section 59 read with Sections 397 & 398 of the Companies Act, 1956 in 2015. The case was transferred to NCLT Mumbai. The Appellants' counsel failed to appear on May 2, 2017, resulting in the dismissal of the petition. The Appellants then filed Miscellaneous Applications on May 8, 2017, to recall and modify the dismissal order. The Adjudicating Authority rejected the restoration of the petitions. The Tribunal observed that the Appellants had previously filed amendment applications that were dismissed on February 6, 2017. The Appellants challenged orders before the Appellate Tribunal or the Supreme Court, causing delays. The Respondent's counsel pointed out that the Appellants filed multiple applications and made
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Appellants filed application under Section…
Amendment applications…
The Appellants filed an application under Section 59 read with Sections 397 & 398 of the Companies Act, 1956 before the Company Law Board in 2015, which was later transferred to the NCLT, Mumbai. The counsel for the appellants failed to appear on May 2, 2017, leading to the dismissal of the petition. Subsequently, the Applicants filed Miscellaneous Applications on May 8, 2017, seeking recall and modification of the order(s) dated May 2, 2017. The Adjudicating Authority refused to restore the petitions, considering the NCLT Rules. The Tribunal noted that amendment applications by the Appellants were dismissed earlier on February 6, 2017, and the Appellants were delaying the case by challenging orders before the Appellate Tribunal or the Supreme Court and not
…The Appellants initially filed an application under Section 59 read with Sections 397 & 398 of the Companies Act, 1956 in 2015. The case was transferred to NCLT Mumbai. The Appellants' counsel failed to appear on May 2, 2017, resulting in the dismissal of the petition. The Appellants then filed Miscellaneous Applications on May 8, 2017, to recall and modify the dismissal order. The Adjudicating Authority rejected the restoration of the petitions. The Tribunal observed that the Appellants had previously filed amendment applications that were dismissed on February 6, 2017. The Appellants challenged orders before the Appellate Tribunal or the Supreme Court, causing delays. The Respondent's counsel pointed out that the Appellants filed multiple applications and made
…Appellants filed application under Section…
Amendment applications…