Restoration of struck-off company name allowed where audited accounts showed ongoing business and continuing commercial intent.

A struck-off company's name was restored to the register after the audited accounts showed assets, liabilities, inventories, cash balances and other financial particulars, indicating ongoing business activity. The record also supported an intention to continue the business, so restoration was found just and equitable under section 252(1) of the Companies Act, 2013. The application was allowed, subject to compliance with the specified conditions.

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Issues: Whether the name of the company, which had been struck off from the register, should be restored under section 252(1) of the Companies Act, 2013.

Analysis: The company showed assets, liabilities, inventories, cash balances, and other financial particulars in its audited accounts, indicating that it was still operating. The record also supported the view that the business was intended to continue. In these circumstances, restoration of the company's name in the register was found to be just and equitable.

Conclusion: The application for restoration was allowed and the company's name was directed to be restored, subject to compliance with the specified conditions.

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