Authority: National Company Law Tribunal, Hyderabad Bench-1
Order Date: 09 June 2026
Case Overview
The appeal was filed under Section 252(3) of the Companies Act, 2013 by Mr. Kancharla Santhosh Reddy, a director and shareholder of M/s. Dream Valley Resorts Private Limited (CIN: U70102TG1995PTC020603). The company was incorporated on 06 June 1995 with an authorized capital of ₹5,00,000 and a paid-up capital of ₹3,49,000. Its business involved operating clubs, resorts, hotels, and related hospitality services. The Registrar of Companies (RoC), Telangana, had struck off the company's name from the register due to non-filing of financial statements and annual returns for over eight consecutive years. The applicant submitted that the failure to file was due to inadvertence and lack of professional guidance, not malafide intent. The company also admitted to not filing income tax returns from assessment years 1999-2000 onwards but undertook to comply. The RoC, in its report dated 30 March 2026, confirmed the defaults and the issuance of strike-off notices (STK-5 and STK-7) in 2017 and 2018 but raised no objection to the restoration appeal.
Final Outcome
The NCLT allowed the appeal and ordered the restoration of the company's name to the register. The RoC is directed to restore the company's status to 'Active' and reactivate its DINs. The company must pay a cost of ₹15,00,000 to the Ministry of Corporate Affairs within 10 days. Within 30 days of restoration, the company must file all pending statutory documents, including annual returns, financial statements, and an INC-28 form, with all applicable fees and fines. The RoC is permitted to take independent action for any other violations committed by the company before or during the strike-off period. The order is to be published in the Official Gazette after compliance.
Topics: Company Restoration, Regulatory Compliance