Search Results Page
Search Results
1 - 5 of 5 (0.26 seconds)National Spot Exchange Limited vs Anil Kohli Resolution Professional For ... on 14 September, 2021
7. In the present case, the appeal has been filed on the last date i.e. 15th
day i.e. 45th day. The reason given in para 3 of the application for
condonation of delay appears to be a halfhearted attempt on the part of the
Appellant for condonation the delay of 15 days because it is mentioned
therein that the appellant took time for procuring relevant documents and
as such the counsel for the Appellant could not receive instructions on time.
However, in the additional affidavit, the Appellant has mentioned that it had
to obtain several documents which could not be procured in time. However,
12
it is not denied that the appeal was filed on 17.04.2023 and then an
application was filed on 08.11.2023 for placing on record the additional
documents. Thus, the question would arise if the documents can be filed as
additional evidence through an application, then why the appeal could not
be filed within the prescribed time. It has been held by the Hon'ble Supreme
Court that the sufficient cause should be an explanation and not an excuse
whereas in the present case, the explanation given in the additional affidavit
is only an excuse otherwise period of 30 days is provided to all for challenging
the order of the Adjudicating Authority and only a window of 15 days is kept
open for filing the appeal alongwith an application for condonation of delay
but the explanation has to be a sufficient cause that too to the satisfaction
of the Appellate Authority, which in our considered opinion is miserably
missing in the present case and therefore, we could not persuade ourselves
to condone the delay of 15 days for filing the appeal. Even otherwise, the
Hon'ble Supreme Court in the case of National Spot Exchange Limited Vs.
Anil Kohli, Civil Appeal No. 6187 of 2019 held that the delay beyond the
period of 15 days cannot be condoned by the Tribunal and even under Article
142 of the Constitution of India which makes the provision very stringent
and lays responsibility on the Appellant to be vigilant enough to file the
appeal within the prescribed period. In view of the aforesaid facts and
circumstances, we do not find any merit in the application and the same is
hereby dismissed.
The Companies Act, 1956
Article 142 in Constitution of India [Constitution]
Section 11 in The Companies Act, 1956 [Entire Act]
1