https://www.taxtmi.com/caselaws?id=434221 The Appellate Tribunal allowed the appeal under Section 421 of the Companies Act, 2013, overturning the National Company Law Tribunal's decision to dismiss the appeal for restoration of the company's name in the Register of Companies. The company, engaged in real estate business, demonstrated continued operations, substantial assets, and compliance with natural justice principles and Section 252. The Tribunal found just and equitable grounds for restoration, emphasizing the company's ongoing activities and potential losses to stakeholders. The Registrar of Companies' reasons for striking off were deemed insufficient, leading to the restoration of the company's name with specified compliances and costs. en-us Fri, 17 Feb 2023 00:00:00 +0530 Mon, 20 Feb 2023 08:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434221 The Appellate Tribunal allowed the appeal under Section 421 of the Companies Act, 2013, overturning the National Company Law Tribunal's decision to dismiss the appeal for restoration of the company's name in the Register of Companies. The company, engaged in real estate business, demonstrated continued operations, substantial assets, and compliance with natural justice principles and Section 252. The Tribunal found just and equitable grounds for restoration, emphasizing the company's ongoing activities and potential losses to stakeholders. The Registrar of Companies' reasons for striking off were deemed insufficient, leading to the restoration of the company's name with specified compliances and costs. Case-Laws Companies Law Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434221