https://www.taxtmi.com/caselaws?id=292916 The Tribunal dismissed the appeal seeking restoration of a company's name in the Register of Companies under Section 252(3) of the Companies Act, 2013. The company failed to comply with statutory requirements by not filing financial statements and annual returns, leading to its strike off. Despite the appellant's claims of business activity, examination of financial statements and bank transactions revealed no evidence of ongoing operations. The Tribunal applied judicial principles requiring proof of business activity for restoration and found no basis to restore the company's name, ultimately dismissing the appeal with no costs awarded. en-us Tue, 15 Oct 2019 00:00:00 +0530 Tue, 12 Jan 2021 21:16:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292916 The Tribunal dismissed the appeal seeking restoration of a company's name in the Register of Companies under Section 252(3) of the Companies Act, 2013. The company failed to comply with statutory requirements by not filing financial statements and annual returns, leading to its strike off. Despite the appellant's claims of business activity, examination of financial statements and bank transactions revealed no evidence of ongoing operations. The Tribunal applied judicial principles requiring proof of business activity for restoration and found no basis to restore the company's name, ultimately dismissing the appeal with no costs awarded. Case-Laws Companies Law Tue, 15 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292916