https://www.taxtmi.com/caselaws?id=445797 The NCLAT Principal Bench allowed an appeal for restoration of a company name to the RoC register. The company was struck off on 08.08.2018 despite having complied with statutory filings for FY 2016-17, with FY 2017-18 filings not yet due. The company possessed substantial assets including immovable property and liabilities totaling Rs.21 lakhs to creditors. Following precedent in Calcutta Rubber Factory case, the tribunal held restoration was just and equitable given the company's assets and ongoing business operations. The striking off order was set aside and the company name restored subject to compliance requirements. en-us Fri, 17 Nov 2023 00:00:00 +0530 Sat, 18 Nov 2023 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445797 The NCLAT Principal Bench allowed an appeal for restoration of a company name to the RoC register. The company was struck off on 08.08.2018 despite having complied with statutory filings for FY 2016-17, with FY 2017-18 filings not yet due. The company possessed substantial assets including immovable property and liabilities totaling Rs.21 lakhs to creditors. Following precedent in Calcutta Rubber Factory case, the tribunal held restoration was just and equitable given the company's assets and ongoing business operations. The striking off order was set aside and the company name restored subject to compliance requirements. Case-Laws Companies Law Fri, 17 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445797