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2020 (9) TMI 522 - Tri - Companies LawRestoration of name of the Company in the register of companies maintained by the Respondent - Section 252(1) of the companies Act, 2013 - HELD THAT:- On perusal of the Reply of Registrar of Companies, Maharashtra in Pune and the documents submitted, it is clear that the Company is in operation. The Respondent struck off the name of the Company, as the Company failed to file statutory returns for a continuous period of more than two years. However, the Company is in business operation and therefore, unless the relief sought is granted to the Company, grave hardship and irreparable loss shall be caused to the said Company, its members and its creditors. It is satisfactory that the prayer sought by the Petitioner Company deserves to be allowed - Respondent is directed to restore the name of the Petitioner Company in the register of companies subject to payment of a sum of ₹ 50,000/- as cost payable in the account of “Pay and Accounts Officer, Ministry of Corporate Affairs, Mumbai” within 10 days from the date of receipt of copy of this order. Consequentially thereupon the Bank Accounts if freeze shall get defreeze and to be operated by the Company.
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