https://www.taxtmi.com/caselaws?id=280117 The Tribunal dismissed the appeal seeking restoration of a company's name in the register of companies under section 252(3) of the Companies Act, 2013. Despite the company's efforts to demonstrate ongoing business activities, including producing financial statements and plans for future real estate ventures, the Tribunal found insufficient evidence of active operations post-2013. Financial records showing losses and lack of revenue raised doubts about the company's status as a going concern. Consequently, the appeal was dismissed due to the company's failure to meet statutory obligations and prove its genuine operational status. en-us Fri, 06 Apr 2018 00:00:00 +0530 Mon, 22 Apr 2019 07:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280117 The Tribunal dismissed the appeal seeking restoration of a company's name in the register of companies under section 252(3) of the Companies Act, 2013. Despite the company's efforts to demonstrate ongoing business activities, including producing financial statements and plans for future real estate ventures, the Tribunal found insufficient evidence of active operations post-2013. Financial records showing losses and lack of revenue raised doubts about the company's status as a going concern. Consequently, the appeal was dismissed due to the company's failure to meet statutory obligations and prove its genuine operational status. Case-Laws Companies Law Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280117