https://www.taxtmi.com/caselaws?id=402928 A struck-off company's name was restored to the Register of Companies under section 252(3) because it continued to hold assets and liabilities, including land and advances, and restoration would serve a legitimate purpose. The Tribunal also noted that the filing defaults could be regularised by submitting the pending financial statements and annual returns, making refusal to restore an excessive consequence for the omission. The strike-off was therefore set aside, and restoration was ordered subject to filing compliance and costs. en-us Thu, 07 Jan 2021 00:00:00 +0530 Fri, 15 Jan 2021 11:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402928 A struck-off company's name was restored to the Register of Companies under section 252(3) because it continued to hold assets and liabilities, including land and advances, and restoration would serve a legitimate purpose. The Tribunal also noted that the filing defaults could be regularised by submitting the pending financial statements and annual returns, making refusal to restore an excessive consequence for the omission. The strike-off was therefore set aside, and restoration was ordered subject to filing compliance and costs. Case-Laws Companies Law Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402928