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2022 (12) TMI 318 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHISeeking restoration of the name of the Company in the Register maintained by the Registrar of Companies (RoC) - section 252 of Companies Act, 2013 - HELD THAT:- In view of the fact that the financial statements 2016-2017, 2017-2018, 2018-2019, 2019-2020 and Income Tax Return of the Appellant Company shows that the Appellant Company is having substantial movable as well as immovable assets. Therefore, it cannot be said that the Appellant Company is not carrying on any business or operations. Hence, the order passed by the NCLT, New Delhi as well as RoC, NCT Delhi & Haryana is not sustainable in law. The name of the Appellant Company be restored to the Register of Companies subject to the conditions imposed - application allowed.
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