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2022 (8) TMI 882 - Tri - Companies LawSeeking restoration of name of company in the Register of Companies - Section 252(3) of the Companies Act, 2013 - HELD THAT:- The Appellant though has not submitted sufficient evidence that the Company has been in operation, but as per the Balance Sheet the Company has current liabilities of Rs. 55,85,000/- and fixed assets in the form of capital work in progress amounting to Rs. 91,29,422. The Company also has a colonizer certificate issued by the Municipal Corporation Bhopal. Under the provisions of Section 252(3) of the Act, this Tribunal is vested with the discretion, where the Company whose name has been struck off and such Company is able to demonstrate that it is just to do so, to restore the name of the Company in the Register of the Registrar of Companies in the interest of all stakeholders, including the Appellant herein who seeks restoration of the name of the Company in the Register maintained by Registrar of Companies. The Company deserves to be restored - Application allowed.
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