law: 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.