https://www.taxtmi.com/caselaws?id=311314 NCLAT set aside the striking off order and restored the company's name to the ROC register. The company was struck off after failing to file annual returns since 2006, but NCLAT found the company had assets and liabilities and was carrying on business. Under Section 252(3) of Companies Act 2013, restoration was justified as the company was operational when struck off. The ROC itself requested directions for filing pending returns rather than opposing restoration. NCLAT held that despite management's failure to file statutory documents, restoration with penalty levy would serve justice and prevent irreparable hardship to the company. en-us Tue, 05 Apr 2022 00:00:00 +0530 Wed, 20 Dec 2023 06:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311314 NCLAT set aside the striking off order and restored the company's name to the ROC register. The company was struck off after failing to file annual returns since 2006, but NCLAT found the company had assets and liabilities and was carrying on business. Under Section 252(3) of Companies Act 2013, restoration was justified as the company was operational when struck off. The ROC itself requested directions for filing pending returns rather than opposing restoration. NCLAT held that despite management's failure to file statutory documents, restoration with penalty levy would serve justice and prevent irreparable hardship to the company. Case-Laws Companies Law Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311314