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2021 (1) TMI 650 - Tri - Companies LawSeeking condonation of delay of 569 days caused in submission of the Order of this Tribunal dated 26.04.2018 along with the Corrigendum dated 05.07.2018 to the Registrar of Companies - seeking direction to ROC to accept the same and take them on record - HELD THAT:- It is not in dispute that the main Company Petition was disposed of by an Order dated 26.04.2018. It is also seen that the Scheme of Arrangement was envisaged and approved so that the Resulting Company, which deals with software applications and solutions, would benefit by having a separate identity, its own capital and human resource management, focussed leadership, etc., which would be hampered if the delay prayed for is not condoned. As per the learned Counsel the delay has occurred due to inadvertence. In order that the Demerged and Resulting Companies can avail the benefits of the Scheme, it would be just and fair to condone the delay in filing the Order, along with the Corrigendum thereto, to the Registrar of Companies. Application is allowed by condoning the delay of 569 days in submission of the Order passed by this Tribunal dated 26.04.2018 along with the Corrigendum dated 05.07.2018 to the Registrar of Companies, Karnataka, with a further direction to the ROC to take appropriate action by accepting the eForm INC-28 filed by Demerged Company vide SRN R33866682 along with the Order dated 26.04.2018 and the Corrigendum dated 05.07.2018, on submission of this Order
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