IN RE Vs. SCIL VENTURES LIMITED AND ORS

JUDGEMENT

(1.) The sanction of this Tribunal is sought under Sections 230 to 232 of the Companies Act, 2013, to a Scheme of Amalgamation of M/s. SCIL Ventures Limited (First Transferor Company), M/s. Securities Analysis (India) Private Limited (Second Transferor Company), with M/s. Securities Research & Analysis Private Limited, (Transferee Company).

(2.) The Transferor Companies and the Transferee Company have approved the said Scheme of Amalgamation by passing the Board Resolutions which are annexed to the respective Company Scheme Petitions.

(3.) The averments made in the petitions and the submissions made by the Learned Representative for the Petitioners are: