Co's name was to be restored in register of Cos. as it was in operation and it has assets and liabilities

COMPANY LAW : Where ROC struck off name of petitioner company from Register of Companies on account of its failure to furnish financial statements, in view of fact that petitioner company was in operation, it had assets and current liabilities and, moreover, in case relief sought was not granted to company, grave hardship and irreparable loss and damage would be caused to it, application filed by petitioner seeking to restore its name in Register of Companies maintained by ROC was to be allowed

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