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2015 (4) TMI 344 - Board - Companies LawPeriod of limitation - Option given by Company law board not exercised in given time - Held that:- In view of the fact that Shri Rohan Thawani, ld. Counsel of the petitioner was present before the Company Law board on the date of the order dated 3.9.2007 passed in CA 152/2007, and before the High Court of Delhi on 26.7.2012 i.e. the date of the order dismissing the appeal, the knowledge thereof on such dates to the petitioner can safely be attributed. Similarly, since the order dated 26.7.2012 passed by the High Court of Delhi was an oral order dictated in open Court, the knowledge of such order must be attributed to the petitioner on the same day in view of the fact that Shri Rohan Thawani, Counsel for the petitioner, was present before the High Court on the date of such order and represented the petitioner from the very beginning till date. Since no appeal was preferred by the Petitioner against the order dated 26.7.2012, the date when he received a certified copy of the said order looses significance. Therefore, in any case, the exercise of option on 16.8.2012 by the petitioner, Dr, Raj Kachroo, was beyond the period of 15 days contemplated by the order dated 3.9.2007.and in the worst case scenario from 26.7.2012 i.e. the date of the final order passed by the High Court of Delhi in Appeal, is not entitled to any relief. - Appeal dismissed.
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