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2016 (7) TMI 1477 - ANDHRA PRADESH HIGH COURTStriking of name of company challenged - Held that:- Either to claim the assets of company or answer the claims of third parties against the company, the restoration of company in the register of companies is otherwise just. Therefore, this court holds that the petitioner, though was not aggrieved on the day when the application was made, but with the acquisition of subsequent knowledge or information about the assets of the company, the petitioner being the ex-chairman/shareholder of the company is a person aggrieved against the striking off the name of company from the register and can apply for cancelling the striking off and restoring the name in the register. Hence, a case is made out that otherwise it is just and proper to restore the name of the company in register. The company petition is ordered, striking off name of the company is cancelled and the Registrar is directed to restore the name of M/s. Sree Raja Rajeswari Paper Mills Ltd. in the register maintained by the Registrar of Companies. The petitioner is directed to take such other or further steps as are required under the Act to formalise the restoration of company.
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