HMT Watches applies for strike-off

HMT Watches Ltd, a famous watch company in India, has asked the government to remove its name from the company records.

This means the company will no longer exist legally.

The government had already decided in 2016 to close this company and two others because they were not making money.

The process of removing the company's name is called a strike-off, and it happens when a company stops doing business or has been inactive for a long time.

Once the name is removed, the company can't do any more business unless it goes through a legal process to be restored.