Restoration of struck-off company name under Section 252 granted after ongoing business activity and compliance assurances were shown.

A company whose name had been struck off was restored under Section 252 of the Companies Act, 2013 after the Tribunal accepted evidence of ongoing business activity, explained the non-filing of financial statements and annual returns as inadvertent and linked to financial difficulty, and noted supporting records showing readiness to regularise compliance. The Registrar's prior strike-off for default was acknowledged, but restoration was found to be in the interests of the company, its shareholders and creditors. The application was allowed, and directions were issued for revival and consequential statutory compliance.

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Issues: Whether the company's name, which had been struck off from the register, should be restored under Section 252 of the Companies Act, 2013.

Analysis: The company showed that it had ongoing business activity, explained the defaults in filing financial statements and annual returns as inadvertent and due to financial difficulty, and produced supporting records indicating willingness to regularise compliance. The Registrar's report noted the prior strike-off for non-filing, but the Tribunal accepted the explanation and the assurance that all pending statutory compliances would be completed upon restoration. Restoration was found to be in the interest of the company, its shareholders, and creditors.

Conclusion: The application for restoration of the company's name was allowed, and directions were issued for revival and consequential compliance.

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