https://www.taxtmi.com/caselaws?id=402755 The Tribunal dismissed the application under Section 252(3) of the Companies Act, 2013 to revoke the order striking off the company's name. The appellant, a director and shareholder, failed to provide sufficient evidence to prove that the company was actively engaged in business activities during the default period. The Tribunal considered the lack of revenue generation, consistent losses, and absence of essential business documents as indicators that the company was not operating as claimed. As a result, the appeal was dismissed, and the Tribunal directed the provision of a free copy of the order to the appellant and the Registrar of Companies, Odisha. en-us Mon, 28 Dec 2020 00:00:00 +0530 Tue, 12 Jan 2021 13:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402755 The Tribunal dismissed the application under Section 252(3) of the Companies Act, 2013 to revoke the order striking off the company's name. The appellant, a director and shareholder, failed to provide sufficient evidence to prove that the company was actively engaged in business activities during the default period. The Tribunal considered the lack of revenue generation, consistent losses, and absence of essential business documents as indicators that the company was not operating as claimed. As a result, the appeal was dismissed, and the Tribunal directed the provision of a free copy of the order to the appellant and the Registrar of Companies, Odisha. Case-Laws Companies Law Mon, 28 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402755