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Dhan Share Trading Pvt. Ltd vs Registrar Of Companies, Mumbai

National Company Law Appellate Tribunal13 December 2019

Ratio decidendi

The rule this decision rests on

The Appellate Tribunal has no power under Section 421 of the Companies Act, 2013 to condone any delay in filing an appeal beyond the outer limit of 45 days after the expiry of the initial 45-day period prescribed for filing the appeal, and an appeal filed beyond that outer limit must be dismissed as barred by limitation regardless of the reasons advanced for the delay.

Written by Miss Lucy from the judgment below, not taken from a headnote.

Judgment

As delivered

NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHICOMPANY APPEAL (AT) NO.08 of 2019In the matter of:

Dhan Share Trading Ltd. Appellant

Vs

Registrar of Companies, Mumbai Respondent

Present:

Appellant: Mr.Gursat Singh and Mr.Biswaksen Panda, Advocates

Respondent : None.

ORDER

13.12.2019- Heard learned counsel for Appellant. I.A No. 57/2019 is filed by Appellant for condonation of delay. Learned counsel for Appellant submits that the National Company Law Tribunal, Mumbai Bench has passed impugned order dated 23rd July, 2018 and a certified copy of the same was received on 3rd October, 2018. Thereafter, the Appellant was sick. Therefore, he could not file the appeal in time. Ultimately the appeal was filed on 04th January, 2019. Thus the delay in filing the Appeal be condoned.

We have gone through the records, the impugned order passed by said Tribunal on 23rd July, 2018 and certified copy was issued on 21.08.2018 (certified copy of the impugned order which is annexed with the Appeal). The Appeal was filed on 04th January, 2019 thus, the appeal was filed after 134 days i.e. delayed by 89 days.

On 07.02.2019, this Appellate Tribunal has granted time to the Appellant to produce records relating the receipt of the impugned order on 03.10.2018. However, the Appellant has failed to produce such record.

As per Section 421 of the Companies Act, 2013, this Appellate Tribunal has no jurisdiction to condone the delay of more than 45 days after expiry of the period of 45 days for filing an Appeal. This Appellant Tribunal having no jurisdiction to condone the delay of 89 days.

Thus, the Appeal is accordingly dismissed as barred by limitation.

(Justice Jarat Kumar Jain) Member (Judicial)

(Mr. Balvinder Singh) Member (Technical)

(Dr. Ashok Kumar Mishra) Member (Technical) Rk/nn

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