https://www.taxtmi.com/caselaws?id=385697 The National Company Law Tribunal dismissed the appeal for restoration of a company's name to the Register of Companies due to inactivity since 1999 and failure to apply for dormant status. However, the Appellate Tribunal overturned this decision, allowing the restoration of the company's name subject to compliance with statutory requirements and payment of fees and penalties within one month. The decision considered the company's past profitability, disruptions caused by theft of assets, legal disputes over company land, and frozen bank account hindering compensation realization. en-us Thu, 05 Sep 2019 00:00:00 +0530 Thu, 12 Sep 2019 09:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385697 The National Company Law Tribunal dismissed the appeal for restoration of a company's name to the Register of Companies due to inactivity since 1999 and failure to apply for dormant status. However, the Appellate Tribunal overturned this decision, allowing the restoration of the company's name subject to compliance with statutory requirements and payment of fees and penalties within one month. The decision considered the company's past profitability, disruptions caused by theft of assets, legal disputes over company land, and frozen bank account hindering compensation realization. Case-Laws Companies Law Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385697