Authority: National Company Law Tribunal Chandigarh Bench (Court-I)

Order Date: 10 July 2026

Case Overview

The application was filed by SV Systech Private Limited (CIN: U72300HR2009PTC038692) through its Member-Cum Director Mr. Harjinder Singh under Section 252(3) of the Companies Act, 2013 read with Rule 87A of the NCLT Rules, 2016. The company sought restoration of its name to the Register of Companies maintained by the Registrar of Companies, Delhi and Haryana after being struck off in 2018.

The applicant company was incorporated on 14 January 2009 under the Companies Act, 1956 with registered office at 816, 1st Floor Udyog Vihar, Phase-5, Gurgaon, Haryana. It had an authorized share capital of ₹5,00,000 divided into 10,000 equity shares of ₹10 each, and subscribed, issued and paid-up share capital of ₹1,00,000. The company was engaged in designing, developing, maintaining, importing, and exporting computer software, hardware, e-commerce solutions, IT-enabled services, website hosting, communication networks, data processing, security consulting, cyber cafes, and technical education/training across Indian and international markets.

The company failed to file Annual Returns and Financial Statements for financial years 2014-15 to 2016-17. Consequently, the Registrar of Companies issued a notice under Form STK-1 on 22 June 2018 and subsequently struck off the company's name under Section 248 of the Companies Act on 18 June 2018.

The Registrar of Companies confirmed in its report dated 20 May 2026 that the last documents filed pertained to the financial year ending 31 March 2014, and the company had not obtained dormant status under Section 455. The Income Tax Department, in its report dated 5 December 2025, confirmed no outstanding income tax demands or pending proceedings against the company and raised no objection to the restoration.

The applicant company demonstrated continued operation through a Writ Petition before the Punjab and Haryana High Court in 2015, which was adjudicated by order dated 29 April 2025. The High Court recognized the company's existence and rights concerning immovable property in Rajiv Gandhi Chandigarh Technology Park, affirming its ongoing business interests.

Final Outcome

The NCLT allowed the application and ordered restoration of the company's name subject to payment of costs of ₹50,000 to the Prime Minister National Relief Fund within three weeks of receiving the certified order copy. The Registrar of Companies must restore the company's original status as if never struck off. The company must file all pending statutory documents (annual accounts and returns) with prescribed fees within 45 days of restoration and deliver a certified copy of the order to the ROC within 30 days. The ROC may publish the order in the Official Gazette at the company's cost. The order doesn't preclude action for other violations, and the Income Tax Department may take necessary action for non-filing or belated filing of returns.

Topics: Company Restoration, Regulatory Compliance, NCLT Order