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TMI Blog2009 (10) TMI 524X X X X Extracts X X X X X X X X Extracts X X X X ..... on 560(6) of the Companies Act, 1956 (for short, "the Act") read with rules 92 to 94 of the Companies (Court) Rules, 1959 (for short, "the Rules") seeking direction to the respondent Registrar of Companies, Madhya Pradesh and Chhattisgarh to restore the name of the petitioner-Company in the Register of the Companies and consequential direction for restoration of rights and liabilities of Company f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, organic, inorganic chemicals, synthetic chemicals, resins, granules, laboratory industrial, pharmaceutical chemicals, their formulations, derivatives, compounds, extracts whether liquid, solid or gases and other allied products their intermediates, ingredients raw materials and to do all incidental acts necessary for carrying on the business of petro chemicals and to carry in India or elsewhere ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... editors. It has only two Directors who are also shareholders holding equal number of shares in the paid-up capital of the Company. It has been averred that the petitioner Company was in operation before passing of the order under section 560(1) of the Act by the Registrar. It has been stated that without notice to the petitioner so as to enable it to show that the Company is carrying on business o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... est interest of the Company. 6. According to the petitioner as per audited Balance Sheet, the Company has fixed assets worth Rs. 78,654 and cash balance of Rs. 5,64,581. 7. Having regard to the aforesaid averments made in the petition as also the contentions raised by the learned counsel for the petitioner and considering the provisions of section 560(6) of the Act in my considered view, p ..... X X X X Extracts X X X X X X X X Extracts X X X X
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