Court Considers Revival of Struck-Off Companies u/s 252 of Companies Act 2013 to Protect Commercial Interests.

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....Challenge to NCLT against striking off of companies - grievance of the petitioners is that despite having been struck off, the shell companies have been transacting with shares of the petitioner, thereby adversely affecting the commercial interests of the petitioner - If the companies-in-question are revived under Section 252 of the 2013 Act after having been struck off initially, there is no bar on the said companies to carry on functioning. - HC....