https://www.taxtmi.com/caselaws?id=400535 The National Company Law Tribunal, Chennai Bench allowed the Application under Section 252 of the Companies Act, 2013 for the restoration of a Company's name that was struck off under Section 248. The Tribunal considered the Company's evidence of ongoing business activities, financial challenges, and competitive industry dynamics. Restoration was granted with specific directions, including filing pending returns, depositing funds, and submitting compliance affidavits within a specified timeframe. The decision aimed to protect stakeholders' interests and ensure statutory compliance, without automatically reinstating disqualified directors. en-us Thu, 30 Jul 2020 00:00:00 +0530 Tue, 10 Nov 2020 07:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400535 The National Company Law Tribunal, Chennai Bench allowed the Application under Section 252 of the Companies Act, 2013 for the restoration of a Company's name that was struck off under Section 248. The Tribunal considered the Company's evidence of ongoing business activities, financial challenges, and competitive industry dynamics. Restoration was granted with specific directions, including filing pending returns, depositing funds, and submitting compliance affidavits within a specified timeframe. The decision aimed to protect stakeholders' interests and ensure statutory compliance, without automatically reinstating disqualified directors. Case-Laws Companies Law Thu, 30 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400535