Section 422 of Companies Act, 2013

422. Expeditious disposal by Tribunal and Appellate Tribunal

(1) Every application or petition presented before the Tribunal and every appeal

filed before the Appellate Tribunal shall be dealt with and disposed of by it as expeditiously

as possible and every endeavour shall be made by the Tribunal or the Appellate Tribunal, as

the case may be, for the disposal of such application or petition or appeal within three

months from the date of its presentation before the Tribunal or the filing of the appeal before

the Appellate Tribunal.

(2) Where any application or petition or appeal is not disposed of within the period

specified in sub-section (1), the Tribunal or, as the case may be, the Appellate Tribunal, shall

record the reasons for not disposing of the application or petition or the appeal, as the case

may be, within the period so specified; and the President or the Chairperson, as the case may

be, may, after taking into account the reasons so recorded, extend the period referred to in

sub-section (1) by such period not exceeding ninety days as he may consider necessary.

Complete: companies-act-2013