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2022 (1) TMI 19 - NATIONAL COMPANY LAW TRIBUNAL — NEW DELHI BENCHSeeking restoration of the name of the company in the register maintained by the Registrar of Companies - section 252(3) of the Companies Act, 2013 - HELD THAT:- The appellant-company is in possession of an immovable asset in terms of land registered in its name basing on which it is seeking restoration of its name in the register of the Registrar of Companies - reliance placed in the judgment of the hon'ble High Court of Guwahati in the matter of FELPACT PRIVATE LIMITED, ANANDA CHANDRA SHARMA VERSUS THE REGISTRAR OF COMPANIES, SHRI BHUPENDRA NATH, SMTI. SUCHITRA CHAKRABORTY, SMTI. HIRAMOTI DEVI, SMTI. SUKRITY BHAGWATI, SMTI. PRABHATY SARMA, SHRI SATYA NATH SARMA, SRI SAMBHU CHARAN BARMAN [2017 (6) TMI 1338 - GAUHATI HIGH COURT] where it was held that The ownership of such a big estate is indicative of the fact that if there is no owner of any land, there is every likelihood of the said land will waste away by encroachment or otherwise or it will become a den for anti-social activities. It would be just and fair to allow restoration of the name of the appellant-company in the register of the Registrar of Companies - the appeal is allowed subject to payment of costs of ₹ 25,000 only to the Prime Minister's Relief Fund as ₹ 25,000 as to the Ministry of Corporate Affairs (MCA), the proof of which will be furnished by the appellant with the Court Officer/Registry of this Tribunal within 7 days.
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