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2021 (1) TMI 866 - Tri - Companies LawRestoration of name of the company in the Register maintained by the Registrar of Companies, Mumbai - Section 252 (1) of the Companies Act, 2013 - HELD THAT:- The Bench is satisfied that the Company has Revenue from operations is ₹ 7,64,000/-, Fixed assets of ₹ 52,07,691/-, Cash and Cash equivalent is ₹ 15,452/-, Sundry Debtors is ₹ 2,45,654/-, Other Current Assets is ₹ 1,75,258/- and Long-Term borrowings is ₹ 54,40,124/-, and Profit of ₹ 14,206/- for year ended 31.03.2019 and Revenue from operations is ₹ 1,70,440/-, Fixed assets of ₹ 52,07,691/-, Cash and Cash equivalent is ₹ 26,343/-, Sundry Debtors is ₹ 3,42,158/-, Other Current Assets is ₹ 2,58,349/- and LongTerm borrowings is ₹ 55,77,416/-, and Profit of ₹ 32,160/- for year ended 31.03.2018. As observed above, the books of the Petitioner Company reflect that Members intend to continue its business operations of the company. Therefore, in the interest of justice the name of the company deserves to be restored in the Register of Companies maintained by the Respondent Registrar of Companies. The 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 “PM-CARES” fund within thirty days from the date of receipt of copy of this order - Application allowed.
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