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2020 (12) TMI 840 - Tri - Companies LawRestoration of name of the Company in register of companies - restoration of original status of the Respondent Company, directors and all other stakeholders as if the name of the Company has not been struck off from the Register of Companies - section 252(3) of the Companies Act, 2013, read with rule 87A of the National Company Law Tribunal Rules, 2016 - HELD THAT:- This Tribunal is of the opinion that it would be just and proper to order restoration of name of the 2nd Respondent Company in the Register of Companies. In view of the averments made and evidence placed, refusal to restore will be an excessive penalty for the over-sight on the part of the 2nd Respondent Company. The Applicant shall file all the pending Financial Statements and Annual Returns with RoC as per the Act and Rules made thereunder. It shall also comply with the provisions of the Companies Act, 2013 without any delay in future. Form INC 28 shall also be filed as per procedure - Further the Applicant is directed to pay the cost of ₹ 25,000/- to the RoC while submitting the documents. This is for the expenses to be incurred by RoC for publication in the Official Gazette and for other related expenses. Application allowed.
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