https://www.taxtmi.com/caselaws?id=194188 Restoration of a company's name struck off for non-filing of statutory returns and balance-sheets under Section 560(6) of the Companies Act, 1956 is considered where the petition is filed within time and the company shows continued business activity. Restoration may be permitted on compliance with outstanding filing requirements and payment of fees. Prolonged default, however, may be treated as grossly casual management and a failure to meet statutory responsibilities, justifying the imposition of exemplary costs in addition to ordinary costs. The direction for restoration is thus linked to full compliance with formalities and cost payment. en-us Tue, 16 Feb 2010 00:00:00 +0530 Wed, 20 May 2026 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194188 Restoration of a company's name struck off for non-filing of statutory returns and balance-sheets under Section 560(6) of the Companies Act, 1956 is considered where the petition is filed within time and the company shows continued business activity. Restoration may be permitted on compliance with outstanding filing requirements and payment of fees. Prolonged default, however, may be treated as grossly casual management and a failure to meet statutory responsibilities, justifying the imposition of exemplary costs in addition to ordinary costs. The direction for restoration is thus linked to full compliance with formalities and cost payment. Case-Laws Companies Law Tue, 16 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194188