https://www.taxtmi.com/caselaws?id=381693 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. The company's name was struck off due to failures in filing financial statements and annual returns. Despite arguments of unintentional defaults, the Tribunal found no evidence of active business operations or revenue, leading to consistent losses. As a result, the lack of business activity and financial losses led to the dismissal of the appeal, aligning with the requirement of active business operations for restoration under the Companies Act. en-us Mon, 29 Apr 2019 00:00:00 +0530 Mon, 17 Jun 2019 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381693 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. The company's name was struck off due to failures in filing financial statements and annual returns. Despite arguments of unintentional defaults, the Tribunal found no evidence of active business operations or revenue, leading to consistent losses. As a result, the lack of business activity and financial losses led to the dismissal of the appeal, aligning with the requirement of active business operations for restoration under the Companies Act. Case-Laws Companies Law Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381693