https://www.taxtmi.com/caselaws?id=221862 The court dismissed the company's petition seeking restoration of its name to the Register of Companies under section 560(6) of the Companies Act, 1956. The court held that since the company voluntarily opted for name removal under the Fast Track Scheme, it could not be considered an aggrieved party eligible for restoration. The scheme aimed to dissolve non-starter companies or those wishing to exit without winding up, and companies voluntarily removed under this scheme cannot claim restoration under section 560(6) as a penal measure. en-us Fri, 03 Aug 2012 00:00:00 +0530 Wed, 03 Apr 2013 07:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221862 The court dismissed the company's petition seeking restoration of its name to the Register of Companies under section 560(6) of the Companies Act, 1956. The court held that since the company voluntarily opted for name removal under the Fast Track Scheme, it could not be considered an aggrieved party eligible for restoration. The scheme aimed to dissolve non-starter companies or those wishing to exit without winding up, and companies voluntarily removed under this scheme cannot claim restoration under section 560(6) as a penal measure. Case-Laws Companies Law Fri, 03 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221862