https://www.taxtmi.com/caselaws?id=416554 The Tribunal allowed the appeal for restoration of the appellant-company's name in the register of the Registrar of Companies under section 252(3) of the Companies Act, 2013. The restoration was granted based on the appellant's possession of immovable assets and in line with a High Court judgment emphasizing the significance of land ownership in restoration cases. The appellant was required to pay a cost of Rs. 25,000 to the Prime Minister's Relief Fund and the Ministry of Corporate Affairs, fulfill outstanding document filings and statutory requirements, and lift the freeze on bank accounts for business operations. Compliance was mandated within one week of meeting all conditions. en-us Fri, 12 Nov 2021 00:00:00 +0530 Sat, 01 Jan 2022 08:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416554 The Tribunal allowed the appeal for restoration of the appellant-company's name in the register of the Registrar of Companies under section 252(3) of the Companies Act, 2013. The restoration was granted based on the appellant's possession of immovable assets and in line with a High Court judgment emphasizing the significance of land ownership in restoration cases. The appellant was required to pay a cost of Rs. 25,000 to the Prime Minister's Relief Fund and the Ministry of Corporate Affairs, fulfill outstanding document filings and statutory requirements, and lift the freeze on bank accounts for business operations. Compliance was mandated within one week of meeting all conditions. Case-Laws Companies Law Fri, 12 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416554