Appellant Wins Case for Company Name Restoration; Court Finds Removal Harsh and Filing Lapse Unjustifiable.

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....Restoration of name of respondent in the Registrar of Companies - The Appellant has been able to satisfy this bench that it has certain assets which necessitate and justify the restoration of its name in the Register of Companies. A step as stringent as what has been taken at least requires an opportunity to the appellant to take remedial measures. Merely to disallow restoration on grounds of its failure to file annual returns would be neither just nor equitable - Tri....