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TMI Blog2018 (4) TMI 1843X X X X Extracts X X X X X X X X Extracts X X X X ..... while the respondents rights to argue and make the submissions are reserved and four weeks time is granted to file reply. This Court deems it appropriate to allow the petitioners to continue to hold the post of Director in the defaulting Companies as well as other Companies so that they may be able to avail the benefit of CODS, 2018 during the pendency of the writ petition. Learned Counsel f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tioners submits that the High Court of Delhi in Writ Petition No.2408/2018- Rishi Gupta Anr. Vs. Union of India Ors. vide order dated 22.3.2018 has noted that the Union of India has come out with a Condonation of Delay Scheme, 2018 (hereinafter referred as CODS, 2018) whereby the defaulting companies may submit their returns upto 31.03.2018 which as per learned Counsel for the Union of India h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (2)(a) as well as Section 167 of the Companies Act of 2013 ought not be applied in the circumstances noted above. (4) Having heard learned Counsel, in order to balance the equities while the respondents rights to argue and make the submissions are reserved and four weeks time is granted to file reply. (5) In the meanwhile, this Court deems it appropriate to allow the petitioners to continue ..... X X X X Extracts X X X X X X X X Extracts X X X X
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