Madras HC: Police Superintendent not Liable For IO’s Delay In Filing Chargesheet or Closure Report  ||  Supreme Court: Provident Fund Dues Have Priority over a Bank’s Claim under the SARFAESI Act  ||  SC Holds Landowners Who Accept Compensation Settlements Cannot Later Seek Statutory Benefits  ||  Supreme Court: Endless Investigations and Long Delays in Chargesheets Can Justify Quashing  ||  Delhi HC: Arbitrator Controls Evidence and Appellate Courts Cannot Reassess Facts  ||  Delhi HC: ED Can Search Anyone Holding Crime Proceeds, not Just Those Named in Complaint  ||  Delhi HC: ED Can Search Anyone Holding Crime Proceeds, not Just Those Named in Complaint  ||  Delhi HC: Economic Offender Cannot Seek Travel Abroad For Medical Treatment When Available In India  ||  SC: Governors and President Have No Fixed Timeline To Assent To Bills; “Deemed Assent” is Invalid  ||  SC: Assigning a Decree For Specific Performance of a Sale Agreement Does Not Require Registration    

Davender Handa & Anr. vs Union Of India & Anr. - (NATIONAL COMPANY LAW APPELLATE TRIBUNAL) (10 Apr 2023)

Name of the Company can be restored only if the Tribunal is satisfied that it was carrying on business or in operation

MANU/NL/0334/2023

Company

Present Appeal is directed against the order by which an appeal filed under Section 252(3) of the Companies Act, 2013 for quashing of the order of the Registrar of Companies, NCT of Delhi and Haryana ('Registrar) by which name of the Company has been struck off from the register of the Companies and its restoration to its register has been dismissed.

Section 250 provides the effect of dissolution of the Company in terms of Section 248 which provides that "where a company stands dissolved under section 248, it shall on and from the date mentioned in the notice under sub- section (5) of that section cease to operate as a company and the Certificate of Incorporation issued to it shall be deemed to have been cancelled from such date except for the purpose of realising the amount due to the company and for the payment or discharge of the liabilities or obligations of the company."

Section 252(3) further provides that the name of the Company can be restored if the Tribunal is satisfied that it was carrying on business or in operation or otherwise it is just that the name of the Company be restored to the register of the Companies.

In the present case, the sole ground of the Appellant is that the Company was in possession of a piece of land in Noida, therefore, it falls within the ambit of the discretion of the Tribunal, within the parameters of 'otherwise it is just' to restore the name of the company.

Furthermore, in present case, the land has been acquired by the Company by way of purchase on 27th June, 2009 much after the order was passed by the Registrar of striking off the name of the Company from the register, therefore, the Company stood dissolved in view of Section 248 and had no competence to transact business in view of Section 250 of the Act. Thus, in view thereof, since every case has to be decided on shown facts, the present case does not fall within the ambit of the provision of 'otherwise it is just'. Appeal dismissed.

Tags : NAME   STRIKING OFF   LEGALITY  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved