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HC sets aside SEBI’s order rejecting NDTV’s plea of condonation of delay in filing settlement application

September 5, 2019[2019] 109 taxmann.com 60 (Bombay)
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COMPANY LAW/SEBI : Where petitioner had in grounds made out for condonation of delay, elaborately explained that delay in filing settlement applications was due to verification of records which took time because of records being old, said grounds being sufficient, applications could not have been summarily rejected by SEBI on ground that delay in filing applications by petitioner had not been satisfactorily explained

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