https://www.taxtmi.com/caselaws?id=431202 The Tribunal allowed the Appeal under Section 421 of the Companies Act, 2013, setting aside the NCLT's order dismissing the restoration of the Struck Off Company's name. The Tribunal found that the Appellant Company maintained substantial assets and ongoing business operations, contrary to the Respondent's claims. Conditions were imposed for restoration, including payment of costs, filing of Annual Returns, and compliance with statutory requirements. The RoC retained authority for punitive actions in case of non-compliance. The judgment emphasized the importance of considering a company's assets and operations before striking off its name. en-us Tue, 06 Dec 2022 00:00:00 +0530 Thu, 08 Dec 2022 09:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431202 The Tribunal allowed the Appeal under Section 421 of the Companies Act, 2013, setting aside the NCLT's order dismissing the restoration of the Struck Off Company's name. The Tribunal found that the Appellant Company maintained substantial assets and ongoing business operations, contrary to the Respondent's claims. Conditions were imposed for restoration, including payment of costs, filing of Annual Returns, and compliance with statutory requirements. The RoC retained authority for punitive actions in case of non-compliance. The judgment emphasized the importance of considering a company's assets and operations before striking off its name. Case-Laws Companies Law Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431202