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        Companies Law

        2018 (1) TMI 1530 - Tri - Companies Law

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        Company revival denied after 8 years of inactivity; consider winding up due to land sale intent. The National Company Law Tribunal, Chennai rejected the application for revival of a company struck off for inactivity for 8 years, advising consideration ...
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Company revival denied after 8 years of inactivity; consider winding up due to land sale intent.

                              The National Company Law Tribunal, Chennai rejected the application for revival of a company struck off for inactivity for 8 years, advising consideration of winding up due to the company's intention to sell agricultural lands.


                              The National Company Law Tribunal, Chennai rejected the application for revival of a company that had been struck off for not carrying out any business activities for 8 years. The company's intention was to sell some of its agricultural lands, and the tribunal suggested exploring the possibility of winding up the company instead.
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