NCLT Orders Emotion Shares & Securities Restoration for Tax Recovery

NCLT Indore allows Income Tax Department's appeal to restore Emotion Shares & Securities Pvt Ltd, which was struck off in 2018.
Restoration is for limited purpose of completing pending tax recovery proceedings for AY 2015-16 to 2018-19 with total additions of ₹73.8 crore.
Assessment orders under Section 144/147 were passed for alleged penny stock transactions providing bogus capital gains/loss accommodation entries.
Tribunal cites CBDT circulars and MCA clarification that Income Tax Department qualifies as aggrieved creditor entitled to seek restoration.