ELEGANT VENTURES PRIVATE LIMITED v. REGISTRAR OF COMPANIES, MAHARASHTRA, MUMBAI - 2020 (9) TMI 365 - NATIONAL COMPANY LAW TRIBUNAL, MUMBAI BENCH - decided on 31.08.2020
Restoration of name of the company in the Register of Companies maintained by the Registrar of Companies, Mumbai - HELD THAT:- On perusal of the Report of Registrar of Companies, Mumbai,Audited Accounts submitted by the Petitioner Company and the documents placed on record, the Bench has observed that company has Revenues from operation,Tangible Fixed Assets & Current Assets its Books of Accounts.Therefore, it would be just, equitable and in the interest of justice to provide an opportunity to the company to rectify its defaults and continue the business.
Petition allowed.
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