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2018 (4) TMI 1692 - Tri - Companies LawRestoration of name of the company in the register of companies maintained by the Registrar of the Companies - section 252(3) of the Companies Act, 2013 - HELD THAT:- None of the documents produced enables to come to a conclusion that the appellant company is a going concern as alleged or that upon restoration it would start business in the field of construction in the leasehold property allegedly allotted to it. From the data available it is understood that they have committed breach of terms of allotment and committed default in non filing of statutory returns which they are duty bound to submit with the office of the ROC under the companies Act.2013 - it can be concluded that the appellant company is a sham company ever engaged in any business from the time of inception or it was in operation as alleged. There is no valid reason for restoring a company of this nature - appeal dismissed.
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