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2018 (1) TMI 313 - Tri - Companies LawCondonation of delay - Power to extend time to tribunal - Held that:- Under the inherent power provided under Rule 11 read with aforesaid Rule 15 of NCLT Rules, 2016 the Tribunal is clearly empowered to extend period of compliance, although as per the said order the CP has already stood rejected. Acceptance of the requisite certificates by condoning the delay will lead to consideration of the Scheme on merit. Shutting the doors of justice on the face of petitioners without examining the Scheme on merit shall cause great prejudice to the members, creditors and the petitioner companies. Procedural mandate cannot prevail over substantial justice. It is pertinent to note here that the order in question has not been communicated by the registry in time for effecting compliance. Besides the petitioners have placed sufficient, convincing and adequate grounds for condonation of delay. Thus the delay in filing the requisite certificates is condoned .
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