https://www.taxtmi.com/caselaws?id=97631 The court dismissed the application seeking restoration or winding up of the company, as the applicant lacked locus standi and failed to demonstrate grounds for restoration. The court found the company defunct, with no business operations, assets, or pending proceedings, upholding the Registrar's decision to strike it off the register. The court declined to exercise discretion to restore the company due to internal family disputes and the lack of business activities. The assets of the dissolved company were deemed to vest in the Union of India, although no such assets were identified in this case. en-us Wed, 10 Dec 1958 00:00:00 +0530 Tue, 17 Jan 2012 15:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97631 The court dismissed the application seeking restoration or winding up of the company, as the applicant lacked locus standi and failed to demonstrate grounds for restoration. The court found the company defunct, with no business operations, assets, or pending proceedings, upholding the Registrar's decision to strike it off the register. The court declined to exercise discretion to restore the company due to internal family disputes and the lack of business activities. The assets of the dissolved company were deemed to vest in the Union of India, although no such assets were identified in this case. Case-Laws Companies Law Wed, 10 Dec 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97631