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2011 (2) TMI 1267 - HIGH COURT OF KARNATAKARestoration of the name of company - Defunct company - right to recover the damages - Held that:- As the company became defunct in the year 2004, the petitioner has acquired a right to recover the damages in view of the transaction of sale in respect of the property of which the first respondent had no title. In the circumstances, as the petitioner intends to initiate the proceedings against the company for the recovery of damages, it is just and proper to restore the name of respondent No. 1 company in the register maintained by the Registrar of Companies. Hence, the petition is allowed. The name of respondent No. 1 company M/s. Kayesess Constructions (P.) Ltd., is ordered to be restored in the register of respondent No. 4, i.e., the Registrar of Companies with immediate effect.
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