NCLT orders restoration of R&R Infraspace to allow Income Tax Department to proceed with reassessment and recovery of outstanding tax dues.
The company was struck off for not filing statutory returns for over two years, but the tax department has reassessment proceedings and outstanding demands.
The Tribunal held that restoration is necessary to allow the Income Tax Department to complete statutory proceedings and recover dues.
The company is directed to file all pending statutory documents within 45 days of restoration.