https://www.taxtmi.com/caselaws?id=410523 A struck-off company sought restoration of its name in the register of companies under the Companies Act, 2013, relying mainly on pending litigation and asserted assets. The Tribunal found that the company had not filed financial statements or annual returns for a long period, showed no substantive business activity, and had only nil operational revenue in the record. As no reliable material established that it was carrying on business or otherwise in operation when struck off, restoration was refused. The pending disputes could proceed through other parties, and litigation alone was insufficient to satisfy the statutory test for restoration. en-us Thu, 22 Jul 2021 00:00:00 +0530 Wed, 04 Aug 2021 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410523 A struck-off company sought restoration of its name in the register of companies under the Companies Act, 2013, relying mainly on pending litigation and asserted assets. The Tribunal found that the company had not filed financial statements or annual returns for a long period, showed no substantive business activity, and had only nil operational revenue in the record. As no reliable material established that it was carrying on business or otherwise in operation when struck off, restoration was refused. The pending disputes could proceed through other parties, and litigation alone was insufficient to satisfy the statutory test for restoration. Case-Laws Companies Law Thu, 22 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410523