Restoration of struck-off company turns on sufficient cause, supporting records, and stakeholder interest under corporate revival principles.

A struck-off company may be restored to the register where the applicant shows sufficient cause for past non-compliance and the record supports continued business activity. Here, incorporation details, bank records, an affidavit on demonetisation, and audited financial statements were treated as supporting revival, while the filing defaults under annual return and financial statement requirements were explained and accompanied by an assurance of future compliance. The Tribunal treated restoration as in the interest of the company, its shareholders, and creditors, with revival to operate subject to compliance-related directions and costs.

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Issues: Whether the company's name deserved restoration in the register of companies under Section 252 of the Companies Act, 2013 after striking off under Section 248(1).

Analysis: The company was incorporated in 2010 and the material on record showed its asserted operational activity, supporting documents, bank statement, demonetisation affidavit, and audited financial statements. The Registrar's report noted non-filing of financial statements and annual returns, but the Tribunal accepted the explanation for the defaults and noted the assurance that pending statutory compliances would be completed on revival. On that basis, the Tribunal found the case fit for restoration in the interest of the company, its shareholders, and creditors.

Conclusion: The issue was answered in favour of restoration, and the company's name was directed to be restored, with consequential activation and compliance directions.

Final Conclusion: The application succeeded and the company was ordered to be revived, subject to compliance-related directions and payment of costs.

Ratio Decidendi: Where the applicant shows sufficient cause for non-compliance and the balance of equities supports revival, the Tribunal may restore a struck-off company under Section 252 of the Companies Act, 2013 in the interest of stakeholders.

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