https://www.taxtmi.com/caselaws?id=211130 The court allowed the petition under Section 560(6) of the Companies Act, 1956, seeking restoration of a company in the register. The court emphasized that restoration should be the norm unless there are special circumstances against it. It found the petitioners, who were creditors, had standing to file the petition and rejected claims of collusion with the company. The court dismissed the plea of res judicata as the petitioners were not parties to earlier proceedings. Consequently, the court restored the company to its original status, directing the ex-management to fulfill statutory obligations and leaving open the issue of concealment for further proceedings. en-us Wed, 08 Feb 2012 00:00:00 +0530 Tue, 12 Feb 2013 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211130 The court allowed the petition under Section 560(6) of the Companies Act, 1956, seeking restoration of a company in the register. The court emphasized that restoration should be the norm unless there are special circumstances against it. It found the petitioners, who were creditors, had standing to file the petition and rejected claims of collusion with the company. The court dismissed the plea of res judicata as the petitioners were not parties to earlier proceedings. Consequently, the court restored the company to its original status, directing the ex-management to fulfill statutory obligations and leaving open the issue of concealment for further proceedings. Case-Laws Companies Law Wed, 08 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211130