https://www.taxtmi.com/caselaws?id=447468 The NCLAT Principal Bench set aside the NCLT Delhi order dated 24.09.2021 and restored the appellant company's name to the RoC register. The tribunal held that since the company possessed substantial assets and liabilities, it could not be deemed non-operational. The restoration was granted subject to statutory compliances, while the RoC retained authority to pursue punitive measures against the company and its directors for non-filing or late filing of statutory returns. en-us Fri, 22 Dec 2023 00:00:00 +0530 Wed, 27 Dec 2023 09:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447468 The NCLAT Principal Bench set aside the NCLT Delhi order dated 24.09.2021 and restored the appellant company's name to the RoC register. The tribunal held that since the company possessed substantial assets and liabilities, it could not be deemed non-operational. The restoration was granted subject to statutory compliances, while the RoC retained authority to pursue punitive measures against the company and its directors for non-filing or late filing of statutory returns. Case-Laws Companies Law Fri, 22 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447468