Company restoration after strike-off under rectification powers was allowed, subject to compliance and costs.

Section 252(3) of the Companies Act, 2013 enables restoration of a company struck off from the register where the facts justify revival. On the material recorded, the company had ceased operations and defaulted in filing statutory returns, but there were no pending investigations or complaints, and the Registrar did not oppose restoration. Finding no statutory impediment, the Tribunal treated restoration as in the interests of justice and ease of doing business, subject to compliance with filing obligations and payment of costs. The striking off was reversed and the company's name was restored to the register on those conditions.

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Issues: Whether the name of a company struck off from the register under the statutory strike-off mechanism should be restored under the power of rectification/restoration, in the facts and circumstances of the case.

Analysis: The petition invoked the restoration power under section 252(3) of the Companies Act, 2013. The material on record showed that the company had ceased operations and had defaulted in filing statutory returns, but there were no pending investigations or complaints, and the Registrar did not oppose restoration. The Tribunal also noted the absence of any impediment under the statutory framework and considered the request for restoration in the interests of justice and ease of doing business, subject to compliance with filing obligations and payment of costs.

Conclusion: The striking off was ordered to be reversed and the company's name was directed to be restored to the register, subject to the specified conditions.

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