https://www.taxtmi.com/caselaws?id=390666 The Company Petition seeking restoration of a company's name on the register of companies was dismissed by the NCLT due to the appellant's failure to prove creditor status. The appellant, claiming to be a creditor, filed an appeal under Section 421 of the Companies Act, 2013. Despite the appellant's creditor status being acknowledged, restoration of the company name was deemed impractical as the company had no assets or liabilities since 1998. The appellant was advised to pursue remedies against the directors for potential relief. The appeal was disposed of accordingly. en-us Fri, 29 Nov 2019 00:00:00 +0530 Thu, 07 May 2020 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390666 The Company Petition seeking restoration of a company's name on the register of companies was dismissed by the NCLT due to the appellant's failure to prove creditor status. The appellant, claiming to be a creditor, filed an appeal under Section 421 of the Companies Act, 2013. Despite the appellant's creditor status being acknowledged, restoration of the company name was deemed impractical as the company had no assets or liabilities since 1998. The appellant was advised to pursue remedies against the directors for potential relief. The appeal was disposed of accordingly. Case-Laws Companies Law Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390666