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2018 (3) TMI 1800 - HC - Companies LawDisqualification as directors - non filing of financial statements and annual returns by the respective companies of which they are directors for the consecutive period of three years - Section 164 (2) of the Companies Act 2013 - entitlement for availing the benefit of CODS 2018 - HELD THAT - Though several contentions have been raised challenging the impugned order of disqualification as a director but during the course of the arguments learned Counsel appearing for the petitioners have prayed that they will be satisfied in case this Court is willing to accept their contention about their entitlement for availing the benefit of CODS2018. In this view of the matter we are not going into the matter of disqualification. All contentions thereto are kept open. Learned ASG has pointed out that the appeals against the order passed by the learned Single Judge of the Delhi High Court are pending. It is however pointed out that the operation of the order passed by the Delhi High Court has not been stayed. It is stated across the bar that in fact the order passed by the Delhi High Court is already implemented in several cases. The petitioners to take immediate steps in consonance with the provisions under Section 248(2) of the said Act 2013 and under the CODS2018 in any case within a period of seven days from today.
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