Strike Off is a method prescribed under sections 248-252 of the Companies Act, 2013. Registrar of Companies (“ROC’’) provides an opportunity for defunct companies to get their names removed from the records of the Registrar. By resorting to such a method, defunct companies do not have to go through the more lengthy and tedious process…

Insolvency is a state of financial distress in which a corporate personality is unable pay their debt due to inefficiency of running business. It can lead to insolvency proceedings, in which legal action can be taken against the insolvent entity, and assets may be liquidated to pay off outstanding debts. Contrary to what most people believe, insolvency…