NCLT: Lack of Funds Alone Doesn't Deny Restoration Request if Company Proves Operational Status u/s 252(3.

Restoration of name of the company - It is not in dispute that Learned NCLT has rightly recorded that the company was not generating funds, but only on account of non-generation of fund, the prayer of a struck off company for its restoration under Section 252(3) of the Act may not be rejected if a company is in a position to satisfy that the company was in operation. - AT .....

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