Petition to condone delay against delisting order was to be rejected as there was no credible reason for delay: SAT

Company Law : Where BSE passed order for delisting securities of appellant company and appeal against said order had been filed after delay of 428 days along with miscellaneous application seeking condonation of delay, however, no credible reason had been given in said miscellaneous application for delay in filing appeal, said miscellaneous application seeking condonation of delay was to be rejected and consequently, appeal against order of BSE was to be dismissed

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