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2018 (1) TMI 1530 - Tri - Companies LawRevival of the Company - name of the company was struck off from the register of ROC - HELD THAT - The object of the Company was to cultivate the agricultural lands. The intention is to sell some of the lands. Therefore, there is no plausible reason for revival of the Company. The Applicant can explore the possibilities of winding up the Company. Application dismissed.
The National Company Law Tribunal, Chennai rejected the application for revival of a company that had been struck off for not carrying out any business activities for 8 years. The company's intention was to sell some of its agricultural lands, and the tribunal suggested exploring the possibility of winding up the company instead.
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