Appeals Filed U/s. 10F of Companies Act 1956 cannot be condoned after 60 days

By this company application, the applicant (original appellant) seeks condonation of delay of 135 days in lodging the company appeal against the impugned order dated 27-3-2014 passed by the Company Law Board. Mr. Dubash, learned counsel appearing for the respondent raises a preliminary issue that this Court has no power to condone the delay beyond the period of 60 days and that also provided sufficient cause for seeking condonation of delay is made out. 2. Learned counsel appearing for the applicant in support of this application submits that the impugned order was passed on 27-3-2014. The app...