The Property Company (P) Ltd vs Rohinten Daddy Mazda

The Supreme Court examined whether the Company Law Board (CLB), as a quasi-judicial body, had the authority to condone delays in filing appeals under Section 58(3) of the Companies Act, 2013. The Court analyzed the phased implementation of the Act and the powers conferred on the CLB between 2013 and 2016. It held that the CLB did possess the power to condone such delays during the transitional period, thereby validating its decision. Consequently, the appeal filed with delay was entertained, affirming the CLB's jurisdiction and discretion in such matters.