NCLAT Quashes Order Denying Thirupur Apparels Restoration

NCLAT Chennai quashes NCLT order denying restoration of Thirupur Sri Mahaganapathy Apparels Private Limited, remanding the case for reconsideration.
Appellant shareholder argued company was operational with assets and sought restoration to settle a ₹45 lakh bank loan via property sale.
Registrar of Companies struck off the company for non-compliance with statutory filings under Sections 159 and 220 of Companies Act, 1956.
Tribunal's finding that the company was not operational was deemed a misinterpretation; restoration application must be reconsidered.