Rafeek Peedi Yakkal Hassan v. Registrar of Companies : Striking off a company name is reversed if the director provides audited financial statements proving ongoing resort project operations.

11. Rafeek Peedi Yakkal Hassan V/s

Registrar of Companies, Kerala & Lakshadweep NATIONAL COMPANY LAW TRIBUNAL, KOCHI BENCH, 189 taxmann.com 423

Order dated 11th August 2026

Where an appellant, director challenged the strike-off of the company’s name, citing its ongoing business and intention to continue operations, and placed on record audited financial statements and tax returns, restoration of the company’s name was directed, subject to the company filing all pending statutory documents and paying applicable fees, penalties, and costs for previous non-compliances within stipulated timelines, with restoration taking effect as if the company’s name had not been struck off.

FACTS:

• The appellant–shareholder-director holding 99% of M/s. Salim's Whitefeather Resort Private Limited filed an appeal under Section 252(3) challenging the strike-off of the company's name. The company was incorporated in 2019 as a company limited by shares with authorised share capital of about Rs. 10 lakhs and paid-up share capital of about Rs. 1 lakh, with the object of developing a resort project. The appellant stated that the company had acquired land and a building permit but, du
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