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TMI Blog2020 (2) TMI 1646X X X X Extracts X X X X X X X X Extracts X X X X ..... inted out by the Counsel for the Applicant for the delay in filing the Petition. However, perusal of the circumstances resulting in the delay in filing the Company Petition has failed to clearly explain the delay caused in filing of the Company Petition - the reasons given cannot be considered as unavoidable causes in filing the Company Petition. Petition dismissed. - MA/102/2020 in CA/216 an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... It is seen from the order that the meeting of the equity share holders of the Transferor Company had to be convened on 23.05.2019 and the meeting of the Unsecured Creditors was to be held on 16.05.2029 and in relation to the Transferee Company the meeting of the equity shareholders was required to be convened on 23.05.2019 and those of the unsecured creditors on 16.05.2019. Learned Counsel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing the Petition. However, perusal of the circumstances resulting in the delay in filing the Company Petition has failed to clearly explain the delay caused in filing of the Company Petition. Further, we find that the reasons given there under cannot be considered as unavoidable causes in filing the Company Petition as directed by this Tribunal and in the circumstances we are constrained to dismis ..... X X X X Extracts X X X X X X X X Extracts X X X X
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