Authority: National Company Law Tribunal, New Delhi Court-IV (Special Bench)
Order Date: July 14, 2026
Case Overview
The Assistant Commissioner of Income Tax (Appellant) filed an appeal under Section 252(1) of the Companies Act, 2013 against the Registrar of Companies (Respondent) concerning Timeline Ventures Pvt. Ltd. The appeal seeks restoration of the company's name to the register. The hearing was conducted in hybrid mode (physical and virtual conference).
During proceedings, the appellant's counsel submitted that the Assessment Order and Demand Notice were on record and noted that respondents 2 to 5 had been set ex-parte via an order dated April 22, 2025. The counsel representing the Registrar of Companies stated that as per existing instructions, they generally do not oppose appeals filed by the Income Tax Department for restoration of company names.
Final Outcome
The Special Bench comprising Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Shri Yogendra Kumar Singh reserved their order in the matter. No final ruling has been delivered yet.
Topics: Company Restoration, NCLT Proceedings, Income Tax Appeal