Case Law Details
Anant Narain Vs Union Of India & Anr. (Delhi High Court)
In furtherance of the purpose of CFSS-2020, directors of struck off companies who seek to be appointed as directors of other/new companies, ought to be provided an opportunity to avail of this scheme, provided that they have undergone a substantial period of their disqualification. The scheme clearly seeks to provide a fresh start for directors of defaulting companies who seek appointment in other companies or wish to start new businesses. Therefore, if a substantial period has passed since the disqualification of such directors, they ought to be given an opportunity to avail of the scheme.
The Petitioners in the present petition satisfy condition (d). Since the Petitioners wish to start a new business, their DIN/DSC ought to be reactivated within a period of one week to enable them to conduct their fresh business in accordance with law. Insofar as M/s In now in Info Solutions Private Limited is concerned, the Petitioners are permitted to file the relevant documents and seek condonation of delay in accordance with the applicable laws and regulations, if the same is permissible.
FULL TEXT OF THE JUDGMENT/ORDER OF DELHI HIGH COURT
JUSTICE PRATHIBA M. SINGH
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