https://www.taxtmi.com/caselaws?id=103278 A company in liquidation may be considered for revival where the required majority supports the scheme, creditors have been paid, and surplus assets remain; a unanimous shareholder resolution and delay alone do not make revival contrary to public policy. However, an application to revive and restore the company to the register must comply with the applicable limitation periods for setting aside orders and restoration. As the attempt was brought after about thirty-five years, it was held to be time-barred under the relevant limitation provisions, and permission for revival was refused despite the shareholders' unanimous support. en-us Fri, 25 Aug 1995 00:00:00 +0530 Wed, 22 Feb 2012 11:02:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103278 A company in liquidation may be considered for revival where the required majority supports the scheme, creditors have been paid, and surplus assets remain; a unanimous shareholder resolution and delay alone do not make revival contrary to public policy. However, an application to revive and restore the company to the register must comply with the applicable limitation periods for setting aside orders and restoration. As the attempt was brought after about thirty-five years, it was held to be time-barred under the relevant limitation provisions, and permission for revival was refused despite the shareholders' unanimous support. Case-Laws Companies Law Fri, 25 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103278