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2021 (6) TMI 239 - NATIONAL COMPANY LAW TRIBUNAL , CHENNAI BENCHRestoration of name of company in the Register of Companies - Section 252 (3) of the Companies Act, 2013 - HELD THAT:- The Company has bought a land to the extent of 3500 square feet. Further, the object of the Company as stated in the MoA is that to perform civil constructions, flat promotions, real estate and infrastructure developments. Thus, the above documents shows that the Company was active and carrying on its business for the purpose of which it was incorporated. Further, from the Balance Sheet filed for the Financial Year 2018 - 2019, under the caption Current Assets, a sum of ₹ 1,82,11,775/- is shown as Inventories - the Company has been active for the period two years preceding the date of strike off and carrying on its business for the purpose of which it was incorporated. Taking into consideration the provisions of Section 252 of the Companies Act, 2013 which vests this Tribunal with a discretion where the Company whose name has been struck off and such Company is able to demonstrate that there is a running business as on the date when the name was struck off and also keeping in consideration that it is just to do so can restore the name of the Company in the register. The name of the company is ordered to be restored - application allowed.
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