https://www.taxtmi.com/caselaws?id=280938 The Tribunal rejected the petition seeking restoration of the company's name under Section 560(6) of the Companies Act, 1956. The company, not operational since 1995 due to nationalization, failed to file statutory returns for a decade. The Tribunal found no just grounds for restoration, as the company was inactive, and the petitioner's motive seemed to involve pursuing a matter in the High Court unrelated to stakeholders' interests. The petition was dismissed as the company did not meet the criteria for revival. en-us Wed, 30 May 2018 00:00:00 +0530 Tue, 28 May 2019 07:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280938 The Tribunal rejected the petition seeking restoration of the company's name under Section 560(6) of the Companies Act, 1956. The company, not operational since 1995 due to nationalization, failed to file statutory returns for a decade. The Tribunal found no just grounds for restoration, as the company was inactive, and the petitioner's motive seemed to involve pursuing a matter in the High Court unrelated to stakeholders' interests. The petition was dismissed as the company did not meet the criteria for revival. Case-Laws Companies Law Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280938