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Company Law Board Not Empowered to Condone Delay Under Companies Act Before NCLT-Constitution: Supreme Court

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By Mariya Paliwala
Company Law Board Not Empowered to Condone Delay Under Companies Act Before NCLT-Constitution: Supreme Court

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The Supreme Court has held that the Company Law Board (CLB) did not possess the authority to condone delay in filing an appeal under Section 58(3) of the Companies Act, 2013 during the interregnum period prior to the constitution of the National Company Law Tribunal (NCLT).  The bench of Justices J. B. Pardiwala and R….

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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