The liabilities of Corporate Debtor cannot be simply washed out by action of company of non-compliance of the provisions of Companies Act, non-filing of the relevant financial documents and other filings – Protima Arora Vs. Maya Gupta and Ors. – NCLAT New Delhi

In this case, the name of Corporate Debtor was struck off after filing of CIRP and before admission by NCLT. However, after approval of Resolution Plan, the company has been now shown as Active in the MCA records.
Hon’ble NCLAT held that on the date when application was filed, the company was very much in existence and it was struck off in view of notice dated 29.10.2019 subsequently. In any view of the matter, the company has been revived. The liabilities of the company cannot be simply washed out by action of company of non-compliance of the provisions of Companies Act, non-filing of the relevant financial documents and other filings.

The liabilities of Corporate Debtor cannot be simply washed out by action of company of non-compliance of the provisions of Companies Act, non-filing of the relevant financial documents and other filings – Protima Arora Vs. Maya Gupta and Ors. – NCLAT New Delhi Read Post »