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2022 (12) TMI 665 - AT - Companies LawRestoration of the name of the Company - going concern - default in statutory compliance and failure to file return since 31.03.2013. - It submitted that, the Appellants Company is being continuously operative and the directors were administrating the functions of the business right since incorporation. - HELD THAT:- going through the pleadings made on behalf of the parties and in view of the fact that the Financial Statements for the year 2014-15, 2015-16, 2016-17 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. The name of the Appellant Company be restored to the Register of Companies subject to the conditions.
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