https://www.taxtmi.com/caselaws?id=285344 The National Company Law Tribunal dismissed the appeal seeking restoration of a company's name on the Register of Companies under Section 560(6) of the Companies Act, 1956. The Tribunal found that the conditions for restoration were not met as the loan amount had been settled with a legal heir, and the company had no assets or liabilities. The ex-directors were held liable for any post-striking off liabilities based on the indemnity bonds submitted. Therefore, the petition for restoration was dismissed. en-us Tue, 10 Jul 2018 00:00:00 +0530 Thu, 09 Jan 2020 09:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285344 The National Company Law Tribunal dismissed the appeal seeking restoration of a company's name on the Register of Companies under Section 560(6) of the Companies Act, 1956. The Tribunal found that the conditions for restoration were not met as the loan amount had been settled with a legal heir, and the company had no assets or liabilities. The ex-directors were held liable for any post-striking off liabilities based on the indemnity bonds submitted. Therefore, the petition for restoration was dismissed. Case-Laws Companies Law Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285344