Income Tax Department appeals to NCLT for restoration of Panghat Properties Pvt Ltd, struck off by RoC in 2018 for non-filing of statutory returns.
Outstanding tax demand of ₹1.75 crore plus penalties totaling ₹2.33 crore against the company necessitates restoration for recovery proceedings.
Tribunal allows appeal under Section 252(3) of Companies Act, directing RoC to restore company name within 30 days for tax recovery.
Directors Gurudev Singh, Jasminder Singh, and Malkiat Singh set ex-parte after failing to appear despite service via publication.