9911796707
TMI Blog2020 (12) TMI 958X X X X Extracts X X X X X X X X Extracts X X X X ..... ssets of ₹ 97,131.00 for F.Y. 2014-15. Further, Petitioner Company has incurred Total Expenses of ₹ 17,950.00 and has Current Assets of ₹ 79,181.00 for F.Y. 2015-16. The Petitioner Company has other current liabilities of ₹ 26,149.00 for F.Y. 2014-15 and 2015-16. The Bench observes that the Petitioner Company has not generated revenues. However, the Petitioner Company has Current Assets other current liabilities in 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. The Respondent Registrar of Companies, Maharashtra, Mumbai, is directed to restore the name of the Petitioner Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pment there of be for or in respect of residential or commercial purposes such as multistoried buildings, complexes, houses flats, offices, shops, garages, cine as, theatres, hotels, rest tanks, motels or other structures including prefabricated and pre-cast houses, buildings and erections.. 4. The grievance of the Petitioner Company is that the Respondent Registrar of Companies, Maharashtra, Mumbai struck off the name of the Petitioner Company from the Register of Companies maintained by them by issuing notice in Form STK-1 and STK-5 dated 19.07.2018 under section 248(4)(1) for removal of the name of the Company from the Register of Companies under section 248(1) of the Companies Act, 2013 and rule 3 of the Companies (Removal of Names ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re is no punitive action against the young boy. 8. The Bench was of the considered view that if a young boy is attempting to explore business by incorporating a company, his way should not be blocked by the Adjudicating Authority and his prospects of doing Business through this Company should be kept open. 9. Accordingly, taking a lenient view, the Bench intends to pass restoration orders without any condition of filing voluntary winding up of the Company after restoration for limited period and purpose. 10. The Petitioner Company has enclosed the Audited Accounts for the Financial Years 2014-15 to 2019-20. The Petitioner Company has not enclosed copy of the Acknowledgement of Income-Tax Return. 11. On perusal of the report of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Petitioner company deserves to be allowed. 15. Accordingly, Company Petition bearing CP No.1286/252/MB-IV/2020 filed by the Petitioner, Niord Realty Private Limited [CIN: U45400MH2013PTC248470], represented by its Director Mr. Niranjan Sambhaji Zende [DIN: 06599774], under section 252 of the Companies Act, 2013, seeking restoration of the Company s name in the Register of Companies maintained by the Registrar of Companies, Maharashtra, Mumbai is allowed on the following terms: - (a) The Respondent Registrar of Companies, Maharashtra, Mumbai, is directed to restore the name of the Petitioner Company, viz., Niord Realty Private Limited [CIN: U45400MH2013PTC248470] to the Register of Companies subject to payment of a sum of ₹ 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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