https://www.taxtmi.com/highlights?id=82062 Company struck off from Register of Companies u/s 248(5) of Companies Act, 2013. Section 250 interpreted using golden rule of construction, allowing struck-off company to pursue legal remedies for realization of dues against debtors, crystallized or uncrystallized, arising from liabilities or obligations. Creditors can also pursue legal remedies against struck-off company for payment and discharge of liabilities or obligations arising from contracts or statutory implications. Mere striking-off does not automatically invalidate civil suit filed by company if cause of action existed on date of institution. Struck-off company can pursue remedies in law even after being struck off. Present civil revision petition dismissed. en-us Wed, 09 Oct 2024 08:20:15 +0530 Wed, 09 Oct 2024 08:20:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=82062 Company struck off from Register of Companies u/s 248(5) of Companies Act, 2013. Section 250 interpreted using golden rule of construction, allowing struck-off company to pursue legal remedies for realization of dues against debtors, crystallized or uncrystallized, arising from liabilities or obligations. Creditors can also pursue legal remedies against struck-off company for payment and discharge of liabilities or obligations arising from contracts or statutory implications. Mere striking-off does not automatically invalidate civil suit filed by company if cause of action existed on date of institution. Struck-off company can pursue remedies in law even after being struck off. Present civil revision petition dismissed. Highlights Companies Law Wed, 09 Oct 2024 08:20:15 +0530 https://www.taxtmi.com/highlights?id=82062