Case Law Analysis
Winding-up, Not Dissolution, Is Mandatory If Restored Struck-off Company Has Assets | Sec 252, Companies Act 2013 : NCLAT (Chennai Bench)
The NCLAT ruled that a company struck off but still possessing assets cannot be merely dissolved; it must be restored and then wound up under the Companies Act. This clarifies that restoration claims require a winding-up proceeding, affecting shareholders and creditors of dormant firms.