https://www.taxtmi.com/caselaws?id=264463 A company petition filed by a corporation that had already been voided under the law of its incorporation was not maintainable. Under the relevant Delaware provision, voiding rendered the corporation's powers inoperative and prevented it from suing or being heard. Although revival could validate prior acts after restoration, it did not cure a petition that was invalid when filed. The controlling principle was that maintainability is assessed on the date the action is instituted, so later revival could not resuscitate the proceeding. Authorities dealing with dissolution or striking off were distinguished as inapplicable to voiding for non-payment of taxes, and the petition was rightly rejected. en-us Tue, 28 Jul 2015 00:00:00 +0530 Fri, 25 Sep 2015 07:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264463 A company petition filed by a corporation that had already been voided under the law of its incorporation was not maintainable. Under the relevant Delaware provision, voiding rendered the corporation's powers inoperative and prevented it from suing or being heard. Although revival could validate prior acts after restoration, it did not cure a petition that was invalid when filed. The controlling principle was that maintainability is assessed on the date the action is instituted, so later revival could not resuscitate the proceeding. Authorities dealing with dissolution or striking off were distinguished as inapplicable to voiding for non-payment of taxes, and the petition was rightly rejected. Case-Laws Companies Law Tue, 28 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264463