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2018 (4) TMI 1876 - TELANGANA HIGH COURTStay of the proceedings disabling the DIN numbers - Direction to 1st respondent to reactivate Or restore the DIN numbers of the petitioners herein - HELD THAT:- In the considered view of this Court, restoration of the DIN numbers of the Directors concerned is necessary not only for submission of annual returns and financial statements of the subject company, but also for discharging their functions as Director in the other Companies and, therefore, restoration of the DIN numbers of the Directors concerned is essential. Moreover, the petitioners also intend to follow the procedure before they take appropriate steps for closure of their company of which they are the Directors by following the procedure established by law as such a course, according to them, would meet the ends of justice. There shall be stay of the proceedings disabling the DIN of the present petitioners. There shall be a further direction to the 1st respondent to restore the DIN numbers of the petitioners pending disposal of this writ petition, so as to enable them to submit annual returns and financial statements of the subject Company of which they are the Directors and avail the benefits of COD Scheme - Post after four weeks in Adjourned Motion List, for counter and hearing.
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