https://www.taxtmi.com/caselaws?id=402159 The Tribunal granted the restoration of the real estate company's name in the Register of Companies, subject to specific conditions. The decision considered the company's financial status, performance, and the circumstances leading to non-compliance, including the deactivation of Director Identification Numbers. The Bench opted for leniency due to challenges faced by the young founder and imposed requirements for the company to rectify defaults and comply with statutory obligations to continue operations. Failure to meet the imposed conditions would lead to the automatic vacation of the restoration order. en-us Tue, 01 Dec 2020 00:00:00 +0530 Fri, 25 Dec 2020 16:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402159 The Tribunal granted the restoration of the real estate company's name in the Register of Companies, subject to specific conditions. The decision considered the company's financial status, performance, and the circumstances leading to non-compliance, including the deactivation of Director Identification Numbers. The Bench opted for leniency due to challenges faced by the young founder and imposed requirements for the company to rectify defaults and comply with statutory obligations to continue operations. Failure to meet the imposed conditions would lead to the automatic vacation of the restoration order. Case-Laws Companies Law Tue, 01 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402159