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TMI Blog2017 (1) TMI 1475X X X X Extracts X X X X X X X X Extracts X X X X ..... lant/ petitioner before the Tribunal cannot escape the ground of delay and laches in preferring the Company petition as raised by the respondents. The appellant was removed as Director as back as on 31st December 2010 after notice to the appellant. There is no subsequent cause of action taken place thereafter. The appellant has not explained the delay in filing the Company Petition though there is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r. Ashish Middha, Advocate ORDER Heard the parties. From the record it is clear that all cause of action had taken place by 31st December 2010. The Company Petition was filed after more than five years in September 2015 and refiled in January 2016. The National Company Law Tribunal ( Tribunal for short) Principal Bench, New Delhi dismissed the petition on the ground that the petition i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctor as back as on 31st December 2010 after notice to the appellant. There is no subsequent cause of action taken place thereafter. The appellant has not explained the delay in filing the Company Petition though there is delay of more than five years. Learned counsel for the appellant submitted that the dividends are not paid in time, which are forwarded to his address at Ernakulum(Kerala) wher ..... X X X X Extracts X X X X X X X X Extracts X X X X
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