The Company Law Board (CLB) has now set the next hearing in the Financial Technologies' board supersession matter for March 4.
At the CLB hearing on Wednesday, the parties sought more time in the wake of the Centre recently passing a final order directing the merger of crisis-hit National Spot Exchange Ltd with Financial Technologies (India) Ltd.
This final order has been challenged before the Bombay High Court.
The Madras High Court had in December last year set March 11 deadline (three months window) to complete the hearing on the FTIL board supersession matter.
Adhering to this deadline may now be a difficult task, say sources close to the developments in this case.
Srivats.kr@thehindu.co.in