https://www.taxtmi.com/caselaws?id=305616 The Appellate Tribunal modified the National Company Law Tribunal's decision, reducing the imposed costs from Rs. 7 Lakhs to Rs. 1.5 Lakhs in a case where a company was struck off for non-filing of Annual Returns. The Appellant successfully argued that the original amount was unreasonably high, leading to the adjustment. The company's name could be restored upon payment of the revised costs. The Tribunal clarified that this modification did not absolve the Appellant from other statutory obligations. The Appeal was concluded with the adjusted costs being upheld. en-us Tue, 23 Jun 2020 00:00:00 +0530 Thu, 15 Dec 2022 10:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305616 The Appellate Tribunal modified the National Company Law Tribunal's decision, reducing the imposed costs from Rs. 7 Lakhs to Rs. 1.5 Lakhs in a case where a company was struck off for non-filing of Annual Returns. The Appellant successfully argued that the original amount was unreasonably high, leading to the adjustment. The company's name could be restored upon payment of the revised costs. The Tribunal clarified that this modification did not absolve the Appellant from other statutory obligations. The Appeal was concluded with the adjusted costs being upheld. Case-Laws Insolvency and Bankruptcy Tue, 23 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305616