Restoring Company Name in ROC Valid if Under Litigation; Balances Stakeholder Interests Over Technical Non-Compliance.

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....Restoration of name of company in the ROC - company under litigation - Pending litigation in itself has been judicially recognized as a ‘just’ ground for restoration of a Company struck off the ROC - the matter was to be approached from a broader perspective keeping in view the interests of various stakeholders and larger social interest which can be better subserved by restoring a Company struck off for mere statutory non-compliances, which is admittedly not a Shell Company....