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2020 (12) TMI 1353 - Tri - Insolvency and BankruptcyStriking of name of the company by the ROC - time limitation - petition has been filed after a gap of three years from the date of striking of name of the company - HELD THAT:- The Company which was struck off on 30th June, 2017 is not engaged in any business right from the date of its incorporation and the Income tax Returns filed show losses as submitted by the Counsel for the Income tax Department. In the facts and circumstances recorded herein, there does not appear any grounds for ordering the restoration of the name of the company in the Register of the Companies. The Company appears to be a shell Company. The application is devoid of merits and filed to misuse the judicial process. Application dismissed.
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