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CS Professional · Corporate Restructuring, Valuation and Insolvency · Strike Off and Restoration of Name of the Company and LLP

A Tribunal orders restoration of Meghdoot Pvt Ltd's name under section 252(3). Which additional power does the Tribunal have in that order?

The Tribunal may give further directions and make provisions it considers just, so that the company and all other persons are placed, as nearly as may be, in the same position as if the name had never been struck off. This power is stated in section 252(3).

  1. AIt may give directions and make provisions to place the company and all other persons in the same position as nearly as may be as if the name had not been struck offCorrect
  2. BIt may only restore the name and cannot give any other directions
  3. CIt may impose director disqualification for five years automatically
  4. DIt may declare all transactions during the struck-off period void

Explanation

Section 252(3) states that the Tribunal may, by its order, give such other directions and make such provisions as deemed just for placing the company and all other persons in the same position as nearly as may be as if the name had not been struck off. The other options add powers that the text does not give.

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