Judgment : The miscellaneous application is filed under Section 5 of the Limitation Act, 1963, praying this Court to condone the delay of 43 days in filing the appeal under Section 10F of the Companies Act, 1956. This Court ordered notice to respondents, namely, Union of India and Satyam Computer Services Limited (hereafter called, Satyam). After receiving notice Union of India appeared through Solicitor General and Additional Solicitor General. A formal counter affidavit is not filed, but learned Solicitor General made submissions opposing the application. The brief fact of the matter, necessary for appreciating the controversy is as follows. On an application filed by Union of India under Sections 388B, 397, 398, 402 and 408 of the Companies Act, being Company Petition No.001 of 2009, the Company Law Board (CLB), Principal Bench, New Delhi, by an order made on 09.01.2009, suspended the Board of Directors of Satyam and authorized Government of India to constitute a fresh Board with not more than ten persons as Directors. It appears, pursuant thereto, Central Government constituted a fresh Board of Directors with six persons as Directors to manage the affairs of Satyam. Newly constituted Board took several steps for financial revival of Satyam. As the Board felt that funds are to be infused to avoid erosion of Company’s value, it decided to increase the authorized equity capital from Rs.160 crores to Rs.280 crores to be allotted on a preferential basis to a strategic investor. Therefore, another application, being Company Application No.84 of 2009 was moved by Union of India praying CLB to authorize the Board to induct strategic investor(s), exempt the Company from obtaining the approval of the shareholders to increase the authorized capital and also make preferential allotments. CLB considered the matter and passed orders on 19.02.2009 and authorized the Board of Satyam to pass a resolution to amend capital clause of Memorandum of Association, to pass a resolution authorizing preferential allotment at par or at premium and induct a strategic investor(s) subject to conditions as stipulated therein. The applicant herein holds undisclosed number of shares of Satyam. He is aggrieved by order of CLB in company application No.84 of 2009, about which he admittedly came to know on 21.02.2009 after seeing a news item in ‘Times of India’. He, therefore, moved High Court of Delhi by filing a writ petition being W.P.No.7416 of 2009. The applicant herein holds undisclosed number of shares of Satyam. He is aggrieved by order of CLB in company application No.84 of 2009, about which he admittedly came to know on 21.02.2009 after seeing a news item in ‘Times of India’. He, therefore, moved High Court of Delhi by filing a writ petition being W.P.No.7416 of 2009. The same was dismissed on 12.03.2009, observing that, “public interest writ petition should not be entertained questioning and challenging the order of CLB…”. The applicant then filed an appeal under Section 10F of the Companies Act before Delhi High Court. The same being Co.A. (SB) No.21 of 2009 was dismissed by Company Bench on 27.05.2009 for want of territorial jurisdiction. The applicant then moved this Court on 05.06.2009 under Section 10F of the Companies Act with the application for condonation of delay. Affidavit accompanying application does not give any specific reason or mention sufficient cause for condonation of delay of 43 days except enumerating the events that took place subsequent to order of CLB dated 19.02.2009 impugned in the appeal. Learned counsel for applicant contends that applicant has sufficient cause for condonation of delay, in that he was pursuing the remedy in the Court which has no jurisdiction. According to him, applying Section 5 read with Section 14 of Limitation Act, period during which matter was pending in Delhi High Court must be excluded. Learned Solicitor General orally brought to the notice of this Court that the following facts and events. Applicant moved Supreme Court by filing writ petition being W.P.(C) No.35 of 2009 against Securities and Exchange Board of India (SEBI), which was dismissed as withdrawn. Thereafter, he unsuccessfully moved public interest writ petition being W.P.(C) No.7416 of 2009, which, as noticed supra, was dismissed on 12.03.2009. He then filed company appeal under Section 10F of the Companies Act before Delhi High Court, which was also dismissed on 27.05.2009 for want of territorial jurisdiction. It is thus pointed out by learned Solicitor General that when the order was passed on 19.02.2009, appeal filed with delay without showing sufficient cause cannot be entertained. His next submission is that Limitation Act has no application to appeals filed under Section 10F of the Companies Act. It is thus pointed out by learned Solicitor General that when the order was passed on 19.02.2009, appeal filed with delay without showing sufficient cause cannot be entertained. His next submission is that Limitation Act has no application to appeals filed under Section 10F of the Companies Act. Whether this Court in exercise of its powers under second proviso to Section 10F of the Companies Act can condone delay of 43 days in filing appeal by excluding the period during which application was pursuing remedy in Delhi High Court as contemplated under Section 5 read with Section 14 of Limitation Act? This is the only question that needs to be addressed in this application. Section 10F of the Companies Act reads as below. Appeals against the orders of the Company Law Board 10F Any person aggrieved by any decision or order of the Company Law Board may file an appeal to the High Court within sixty days from the date of communication of the decision or order of the Company Law Board to him on any question of law arising out of such order: Provided that the High Court may, if it is satisfied that the appellant was prevented by sufficient cause from filing the appeal within the said period, allow it to be filed within a further period not exceeding sixty days. An appeal against any decision or order of CLB is provided to High Court Section 10(1) (a) of the Act confers appellate jurisdiction on the High Court having jurisdiction in relation to place at which Registered Office of the company is situated. within sixty days from the date of communication of decision of CLB on any question of law arising out of impugned order. The proviso confers power on the High Court to entertain an appeal within a further period not exceeding sixty days, if appellant satisfies that he was prevented by sufficient cause from filing appeal within a period of sixty days under Section 10F of the Companies Act. Thus an appeal against order of CLB has to be filed within a period of sixty days and if High Court so allows appeal can be filed within a further period of sixty days. Maximum time within which appeal can be filed is 120 days. If the appeal is filed beyond 120 days, it would be barred by limitation. Thus an appeal against order of CLB has to be filed within a period of sixty days and if High Court so allows appeal can be filed within a further period of sixty days. Maximum time within which appeal can be filed is 120 days. If the appeal is filed beyond 120 days, it would be barred by limitation. In this case, while the impugned order of CLB is passed on 19.02.2009, appeal is filed on 05.06.2009. In Mangu Ram v Municipal Corporation of Delhi (1976)1 SCC 392 = AIR 1976 SC 105 , Supreme Court considered the question of applicability of Limitation Act to the proceedings under special enactments. After referring to Kaushalya Rani v Gopal Singh AIR 1964 SC 260 , Supreme Court held as under. The applicability of Section 5 of the Indian Limitation Act, 1908 was thus held to be excluded in determining the period of limitation of sixty days prescribed in sub-section (4) of Section 417 by reason of Section 29(2)(b) of that Act, which provided in so many terms that “for the purpose of determining any period of limitation prescribed for any suit, appeal or application by any special or local law, the remaining provisions of this Act” that is sections other than Sections 4, 9 to 18 and 22 “shall not apply”. Now, there can be no doubt that if the present case were governed by the Indian Limitation Act, 1908, this decision would wholly apply and the Municipal Corporation of Delhi would not be entitled to invoke the aid of Section 5 of that Act for the purpose of extending the period of limitation of sixty days prescribed in sub-section (4) of Section 417 for an application by a complainant for special leave to appeal against an order of acquittal. But the Indian Limitation Act, 1908 has clearly no application in the present case, since that Act is repealed by the Limitation Act, 1963 which came into force with effect from January 1, 1964 and the present case must, therefore, be decided by reference to the provisions of the Limitation Act, 1963. In Union of India v Popular Construction Company (2001)8 SCC 470 = AIR 2001 SC 4010 , question which arose for determination was whether provisions of Section 5 of Limitation Act are applicable to an application challenging an Award. In Union of India v Popular Construction Company (2001)8 SCC 470 = AIR 2001 SC 4010 , question which arose for determination was whether provisions of Section 5 of Limitation Act are applicable to an application challenging an Award. The question was answered holding that when special limitation for the purpose of appeal is prescribed, the power of the Court under Section 5 of Limitation Act stands curtailed and excluded. After referring to Vidyacharan Shukla v Khubchand Baghel AIR 1964 SC 1099 , the apex Court laid down as follows. This decision recognises that it is not essential for the special or local law to, in terms, exclude the provisions of the Limitation Act. It is sufficient if on a consideration of the language of its provisions relating to limitation, the intention to exclude can be necessarily implied. As has been said in Hukumdev Narain Yadav v Lalit Narain Mishra (1974)2 SCC 133 (SCC p.146, para 17) “If on an examination of the relevant provisions it is clear that the provisions of the Limitation Act are necessarily excluded, then the benefits conferred therein cannot be called in aid to supplement the provisions of the Act.” Thus, where the legislature prescribed a special limitation for the purpose of the appeal and the period of limitation of 60 days was to be computed after taking the aid of Sections 4, 5 and 12 of the Limitation Act, the specific inclusion of these sections meant that to that extent only the provisions of the Limitation Act stood extended and the applicability of the other provisions, by necessary implication stood excluded Patel Naranbhai Marghabhai v Dhulabhai Galbabhai, (1992) 4 SCC 264 . As far as the language of Section 34 of the 1996 Act is concerned, the crucial words are “but not thereafter” used in the proviso to sub-section (3). In our opinion, this phrase would amount to an express exclusion within the meaning of Section 29(2) of the Limitation Act, and would therefore bar the application of Section 5 of that Act. Parliament did not need to go further. To hold that the court could entertain an application to set aside the award beyond the extended period under the proviso, would render the phrase “but not thereafter” wholly otiose. No principle of interpretation would justify such a result. Parliament did not need to go further. To hold that the court could entertain an application to set aside the award beyond the extended period under the proviso, would render the phrase “but not thereafter” wholly otiose. No principle of interpretation would justify such a result. In Pavan Goel v KMG Milk Food Limited (2008) 2 Comp LJ 213 (P&H), the facts are as follows. CLB Principal Bench, New Delhi, pending company petition under Sections 397 and 398 of the Companies Act, passed an interim order on 24.11.2006. Pawan Goel filed an appeal before Delhi High Court, with an application to condone the delay. The same was dismissed (as withdrawn) on 16.04.2007 for want of jurisdiction with liberty to move jurisdictional Court. The appeal was then filed before High Court of Punjab and Haryana with an application to condone delay under Section 5 of the Limitation Act seeking condonation of delay of 140 days in filing the appeal. Another application was moved under Section 14 of the Limitation Act seeking exclusion of time during which appellant was pursuing the appeal before Delhi High Court. The question before Punjab and Haryana High Court was whether period spent in pursuing the appeal before Delhi High Court could be excluded under Section 14 of the Limitation Act. After elaborate consideration of the matter, it was held: As a matter of fact, the appellant seems to have pursued his remedy before the Hon’ble Delhi High Court in a callous and negligent manner. It was not that the question of jurisdiction was raised in routine, the objection of jurisdiction of the Hon’ble Delhi High Court was based upon a judgment of the apex Court in a similar matter and the judgment in case Stridewell Leathers (P) Limited v Bhankerpur Simbhaoli Beverages (P) Limited (1993) 3 Comp LJ 405 (SC) : AIR 1994 SC 158 : (1994) 79 Comp Cas 139 (SC) was also noticed by the Hon’ble Delhi High Court in the interlocutory order dated 19th February, 2007, even then the appellant chose to continue with the appeal till 16th April, 2007. This conduct of the appellant is sufficient to deny him the benefit of Section 14 as he has not pursued the remedy with due diligence but in a callous and negligent manner, even if it is presumed that his initial approach was due to ignorance of law. This conduct of the appellant is sufficient to deny him the benefit of Section 14 as he has not pursued the remedy with due diligence but in a callous and negligent manner, even if it is presumed that his initial approach was due to ignorance of law. Even otherwise, the appellant cannot claim the benefit of Section 14, he having filed the appeal before the Hon’ble Delhi High Court beyond limitation. There is no affidavit of counsel who filed appeal before the Delhi High Court to show bona fide mistake regarding period of limitation as stated in the application under Section 5 of the Limitation Act filed before the Delhi High Court. As to applicability of Section 5 of the Limitation Act, learned Judge considered the question in the light of the law laid down by apex Court in Union of India v Popular Construction Company (2001)8 SCC 470 = AIR 2001 SC 4010 and Gopal Sardar v Karuna Sardar (2004) 4 SCC 252 , and laid down as follows. There is no dispute that the Companies Act, 1956 is a special law. Under the normal circumstances, the provisions of the Limitation Act will have application to all appeals and applications under the Companies act, unless a different period of limitation is prescribed. As noticed herein above, the company law itself has prescribed a period of limitation for filing the appeal and also for condonation of delay. Hence, condonation of delay for filing the appeal beyond the prescribed period of limitation is by virtue of the proviso to Section 10F. This proviso can be considered to be akin to Section 5 of the Limitation Act. However, the proviso imposes limitation for extension of time in filing the appeal beyond the prescribed period of limitation, the expression used in Section 10F being ‘further period not exceeding sixty days’. … The proviso to Section 10F has created an absolute bar for extension of period of limitation beyond sixty days apart from the period of limitation of sixty days prescribed under Section 10F. The expression ‘not exceeding’ does not permit any further extension and it seems that the true import, purport and construction of the proviso is to restrict the total period of limitation to 120 days i.e., sixty days principal and sixty days by extension subject to existence of sufficient cause in a given case. The expression ‘not exceeding’ does not permit any further extension and it seems that the true import, purport and construction of the proviso is to restrict the total period of limitation to 120 days i.e., sixty days principal and sixty days by extension subject to existence of sufficient cause in a given case. Any other interpretation would amount to committing violence to the statute itself which is impermissible under law. Yet again, the Court ruled: … it is abundantly clear that where particular statute does not apply to Section 5 of the Limitation Act expressly or even impliedly in a special or local law itself, it shall be presumed that the exclusion is express. Sectiion 29(2) of the Act not only excludes the application of Section 5 of the Limitation Act but also other sections from Sections 4 to 24 (inclusive). Thus, Section 14 also stands excluded from its application for purposes of either condoning the delay or exclusion of the period on the ground invisaged therein notwithstanding existence of sufficient cause. Thus, even if the period spent before the Hon’ble Delhi High Court cosntitutes sufficient cause for extension of period under Section 5 read with Section 14 of the Limitation Act, these sections cannot be applied do hors proviso to Section 10F to extend the limitation beyond sixty days in addition to the original period of sixty days (total 120 days) for filing an appeal as proviso to Section 10F does not permit such extension. Admittedly, CLB passed orders on 19.02.2009 and appeal presented in this Court on 05.06.2009 is clearly barred under Section 10F of the Companies Act. Applicant has not shown any sufficient cause for condonation of delay. He allowed wide ranging structural changes in the Management, operations and administration of Satyam and filed instant appeal, instead of approaching CLB, for redressal. Therefore, the company appeal miscellaneous petition is dismissed and consequently company appeal (SR) No.2901 of 2009 is also dismissed without any order as to costs.