https://www.taxtmi.com/caselaws?id=113332 The Delhi High Court restored a struck-off company's name under section 560(6) of the Companies Act, 1956 because the petition was filed within the prescribed 20-year period and the company showed it was a running concern, making restoration appropriate in the interests of justice. However, the Court treated the prolonged failure to file annual returns and balance sheets as a serious statutory lapse attributable to management, and it conditioned relief on payment of costs and filing of all outstanding statutory documents with applicable late fees and charges. Restoration was therefore granted, but only subject to compliance requirements designed to regularise defaults and compensate the Registrar. en-us Wed, 07 Apr 2010 00:00:00 +0530 Sat, 11 Oct 2014 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113332 The Delhi High Court restored a struck-off company's name under section 560(6) of the Companies Act, 1956 because the petition was filed within the prescribed 20-year period and the company showed it was a running concern, making restoration appropriate in the interests of justice. However, the Court treated the prolonged failure to file annual returns and balance sheets as a serious statutory lapse attributable to management, and it conditioned relief on payment of costs and filing of all outstanding statutory documents with applicable late fees and charges. Restoration was therefore granted, but only subject to compliance requirements designed to regularise defaults and compensate the Registrar. Case-Laws Companies Law Wed, 07 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113332