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2010 (8) TMI 174 - HC - Companies LawDefunct Company - restoration of the name of the petitioner company to the register of companies - Held that:- The facts and circumstances of this case show that this is not a case where the interests of justice and requirements of the statute would be met merely by the payment of costs of the Registrar of Companies. Notwithstanding the personal troubles and health problems of petitioner No. 2 and his family, the fact remains that sound business functioning is expected of companies. Filing of certain documents with the respondent is an obligation imposed by statute and every company is expected to comply. The non-filing of statutory documents with the respondent had also made it impossible for any interested party to find out about the financial health of petitioner No. 1 over a span of fourteen years. The facts and circumstances of this case show that this is not a case where the interests of justice and requirements of the statute would be met merely by the payment of costs of the Registrar of Companies. Notwithstanding the personal troubles and health problems of petitioner No. 2 and his family, the fact remains that sound business functioning is expected of companies. Filing of certain documents with the respondent is an obligation imposed by statute and every company is expected to comply. The non-filing of statutory documents with the respondent had also made it impossible for any interested party to find out about the financial health of petitioner No. 1 over a span of fourteen years.
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