The Travancore Cochin Chemicals Ltd. v. the Chairman and Managing Director
Companies Act, 1956 – Companies (Court) Rules, 1959, Rules 6 & 9 – Condonation of delay
Case brief
What is this about?
Kerala High Court, Ernakulam (Original Jurisdiction), Co.Appl. No.103/2025 in Co.Pet.14/2002, decided 24-03-2025 by Justice Harisankar V. Menon. Applicant: The Travancore Cochin Chemicals Ltd., Udyogamandal (through MD Mr. Rajeev R.), by Sri. Lal K. Joseph, Advocate. Respondents: (1) Chairman and MD, M/s. Travancore Rayons Ltd., Rayonpuram, Perumbavoor; (2) Official Liquidator, High Court of Kerala, by Sri. K. Moni, Standing Counsel. Subject: condonation of 2199 days' delay in filing claim petition before the Official Liquidator; amount involved around Rs.59 lakhs. Result: application allowed; delay condoned. Statutes: Companies Act, 1956; Rule 6 & 9 of the Companies (Court) Rules, 1959.
What did the court decide?
Condonation of the delay of 2199 days in filing the claim before the Official Liquidator. ¶29