2019 (6) TMI 1676

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....r. Ravikumar Duraisamy For the Petitioner: Mr. Arvind H Gupta, PCS For the Respondent: None ORDER Per Shri Ravikumar Duraisamy, Member 1. This petition is filed by "Insuflex Ind Private Limited", Represented through its Director and Shareholder Mr. Prakash Chandru Chablani seeking relief against the respondent, inter-alia among other things, to restore the name of the company in the....

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.... was it afforded any opportunity of being heard before the aforesaid action was taken by the Opp. Party. It has two Directors namely Mr. Prakash Chablani and Mr. Mohamad Ansari. The shares of the Petitioner are held by two shareholders namely Mr. Prakash Chablani 9500 Equity Shares (95%) and Mr. Mohamad Ansari 500 Equity Shares (5%). The Balance Sheet of the Company was ready since 2012 and the co....

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....ements. The purpose of applying for restoration is complying with statutory requirements and to remove the name of directors from the list of disqualified directors exhibited on MCA. 6. The Respondent side filed a detailed written Submissions dated 25.04.2019 explaining the sequence leading to the striking off of the name of the company. The Respondent side issued STK-1 notice dated 11.03.2017 ....

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....er the documents submitted by the petitioner company. All these Nil figures indicates that the company currently exists only on paper, not carrying on any business or operation which substantiates the criteria as laid down in section 248 of the Companies Act 2013, therefore, the action taken by ROC is justified and the Bench did not feel any ground to interfere with action of striking off the name....