2025 (11) TMI 1725

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....CE YOGESH KHANNA MEMBER (JUDICIAL) AND MR. AJAI DAS MEHROTRA MEMBER (TECHNICAL) For the Appellant: Mr Suraj Sharma, Advocate. For the Respondent: Mr Durga Dutta, Advocate for ROC Ms Suman Das, Mr Vinay Thakur, Advocates for R1 to R4. ORDER This appeal is filed against an impugned order dated 16.05.2024 passed by the Ld. NCLT Guwahati in CP No.2/GB/2023 in an application filed under ....

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....a on 02.06.2021 the Respondent No.1 company was managed by Ms Ratna Sarma, the another director and with her two sons being Respondents No.3 and 4, though denied by them and the respondents submit there is no one to look after the company. 3. The main contention of the appellant is the company needs to be restored as it had allotted residential and commercial space to the appellants and registr....

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....at if an order is passed in favour of the appellants in pending litigation before the High Court, the company may be able to execute the sale deeds as above. The fact that there is only one director, we leave it open for the shareholders to appoint another one and in their failure to do so, the ROC may take steps to do the needful. We cannot leave the purchasers in lurch and thus the restoration o....