NCLT Mumbai allows appeal to restore Virgin Metallic Chemicals Pvt Ltd, struck off by ROC in 2018 for non-filing of statutory returns.
Tribunal imposes ₹2 lakh cost on the company for continuing business while violating Companies Act compliance requirements.
Company directed to file all pending statutory documents and discharge outstanding sales tax liability of ₹1,66,765 within 60 days.
Restoration ordered based on company's assets, leasehold property, and business proposal despite no operations since 2017-18.