2020 (12) TMI 38

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....s Director Mr. Jitendra Chandulal Jain [DIN: 00407220], under section 252(3) of the Companies Act, 2013 praying for restoration of the name of the company to the Register of Companies maintained by the Registrar of Companies, Mumbai. 3. The Petitioner submits that the company was incorporated on 26.03.2009 under the Companies Act, 1956 as a private company limited by shares with the Registrar of Companies, Maharashtra, Mumbai. Its CIN is U66010MH2009PTC191263. The Petitioner company has been incorporated to carry on the following objects: "To carry on the business of distribution of Insurance, Brokers, Adviser and Consultancy in respect of General Insurance, and all classes of Insurance including Travel, Marine, Fire, Life, Accident, Hea....

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....n dissolved and also reasonable opportunity of being heard was not given to the Petitioner Company. 6. The Petitioner Company further submits that due to striking off the name of the Petitioner Company, the Director Identification Numbers (DIN) of the directors of the Company have been deactivated. 7. The Petitioner Company submits that the Company has been functioning since its incorporation. The Petitioner Companyfurther submits that the Company has failed to file its Financial Statements and Annual Returns for Financial Year 2015-16 and 2016-17 due to inadvertence. 8. The Petitioner Company has enclosed the Audited Accounts for the Financial years 2015-16 to 2018-19. The Petitioner Company has also enclosed copies of the Acknowledgeme....

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....total Current Assets of Rs. 13,58,983.00 for F.Y. 2015-16. Further, the Petitioner Company has generated total Revenue to the tune of Rs. 11,60,561.00, incurred Total Expenses of Rs. 12,32,891.00, has total Non-Current Assets of Rs. 4,99,37,903.00 and total Current Assets of Rs. 6,42,020.00 for F.Y. 2016-17. It is also observed that the Petitioner Company has Long-Term Borrowings of Rs. 3,82,52,737.00 and Rs. 4,16,09,016.00 for F.Y. 2015-16 and 2016-17 respectively. 13. On hearing the submissions of the Learned Authorised Representative appearing on behalf of Petitioner and on perusal of the Report of Registrar of Companies, Maharashtra, Mumbai, the Audited Accounts submitted by the Petitioner Company and other documents placed on record, ....