The Supreme Court of India has held that the Company Law Board (CLB), functioning as a quasi-judicial body during the transition to the Companies Act, 2013, did not possess the power to condone delay under Section 5 of the Limitation Act, 1963. The Court clarified that unless expressly empowered by a special statute, quasi-judicial bodies
Company Law Board Lacked Jurisdiction to Condone Delay Under Limitation Act; Supreme Court Sets Aside Calcutta HC Order
