Company Law Board Regulations, 1991
28. Substitution of
legal representative –
1.
In
the case of death of any party during the pendency of the proceedings before
the Bench, the legal representatives of the deceased party may apply within
thirty days of the date of such death for being brought on record as necessary
parties.
2. Where no application
is received within the period specified in sub-regulation (1), the proceedings
against the decreased party shall abate:
Provided that, on
good and sufficient reasons, the Bench, on application , may set aside the
order of abatement and substitute the legal representative.