This case involves an appeal filed by the Liquidator of M/s. J. R. Diamonds Pvt. Ltd. seeking the restoration of the company's name to the statutory register of companies maintained by the Registrar of Companies (ROC), Gujarat. The company's name was struck off by the ROC's order dated 06.08.2018 due to the company's failure to file its Financial Statements & Statutory Annual Returns from F.Y. 2013-14 onwards and Annual Returns from F.Y. 2014-15 onwards. The Appellant argues that the company had assets at the time of deregistration and that the ROC's action was not justified, especially since the company was under Corporate Interim Resolution Process (CIRP) and moratorium under the I.B. Code.
M/s. J. R. Diamonds Pvt. Ltd. was incorporated on 08.11.1977. The company's name was struck off from the register of companies by the Registrar of Companies (ROC), Gujarat, on 06.08.2018, due to the company's failure to file its Financial Statements & Statutory Annual Returns from F.Y. 2013-14 onwards and Annual Returns from F.Y. 2014-15 onwards. The company had assets worth Rs.81,26,35,384/- as on 31.03.2017, including investments in preference shares of M/s. Peacock Jewellery Ltd. amounting to Rs.4,50,00,000/-. The Liquidator of the company, Mr. Vinod Tarachand Agrawal, filed an appeal seeking restoration of the company's name. The company was under Corporate Interim Resolution Process (CIRP) and moratorium under the I.B. Code at the time the ROC passed the order
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M/s. J. R. Diamonds…
Tribunal admitted the I.B. Petition and…
This case involves an appeal filed by the Liquidator of M/s. J. R. Diamonds Pvt. Ltd. seeking the restoration of the company's name to the statutory register of companies maintained by the Registrar of Companies (ROC), Gujarat. The company's name was struck off by the ROC's order dated 06.08.2018 due to the company's failure to file its Financial Statements & Statutory Annual Returns from F.Y. 2013-14 onwards and Annual Returns from F.Y. 2014-15 onwards. The Appellant argues that the company had assets at the time of deregistration and that the ROC's action was not justified, especially since the company was under Corporate Interim Resolution Process (CIRP) and moratorium under the I.B. Code.
M/s. J. R. Diamonds Pvt. Ltd. was incorporated on 08.11.1977. The company's name was struck off from the register of companies by the Registrar of Companies (ROC), Gujarat, on 06.08.2018, due to the company's failure to file its Financial Statements & Statutory Annual Returns from F.Y. 2013-14 onwards and Annual Returns from F.Y. 2014-15 onwards. The company had assets worth Rs.81,26,35,384/- as on 31.03.2017, including investments in preference shares of M/s. Peacock Jewellery Ltd. amounting to Rs.4,50,00,000/-. The Liquidator of the company, Mr. Vinod Tarachand Agrawal, filed an appeal seeking restoration of the company's name. The company was under Corporate Interim Resolution Process (CIRP) and moratorium under the I.B. Code at the time the ROC passed the order
…M/s. J. R. Diamonds…
Tribunal admitted the I.B. Petition and…