https://www.taxtmi.com/caselaws?id=411928 The appeal under Section 252 of the Companies Act, 2013 against the striking off of a company's name was allowed by the Tribunal. The company's name was restored in the Register of Companies with the condition of paying costs to the RoC and fulfilling outstanding requirements for the defaulting years. The frozen bank accounts were to be immediately released to enable the company to resume its business operations. The Tribunal emphasized the need for opportunities to rectify defaults and cited previous court decisions supporting restoration in cases with legitimate business operations. en-us Fri, 13 Aug 2021 00:00:00 +0530 Tue, 07 Sep 2021 08:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411928 The appeal under Section 252 of the Companies Act, 2013 against the striking off of a company's name was allowed by the Tribunal. The company's name was restored in the Register of Companies with the condition of paying costs to the RoC and fulfilling outstanding requirements for the defaulting years. The frozen bank accounts were to be immediately released to enable the company to resume its business operations. The Tribunal emphasized the need for opportunities to rectify defaults and cited previous court decisions supporting restoration in cases with legitimate business operations. Case-Laws Companies Law Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411928