LAWS(NCLT)-2017-11-660

IN RE Vs. HYDERABAD EDUCATIONAL INSTITUTIONS PRIVATE LIMITED

Decided On November 21, 2017
IN RE Appellant
V/S
HYDERABAD EDUCATIONAL INSTITUTIONS PRIVATE LIMITED Respondents

JUDGEMENT

(1.) The Company Application bearing CA (CAA) No. 175/230/HDB/2017 is filed by Hyderabad Educational Institutions Private Limited, U/s. 230 to 232 of the Companies Act, 2013,by inter-alia seeking to sanction Scheme of Arrangement in question so as to be binding on all the Equity Shareholders / Members, and employees of the Applicant / Demerged Company, etc.

(2.) Brief facts, leading to filing of the present Application, are as follows:

(3.) Rationale FOR THE PROPOSED SCHME OF DEMERGER: The scheme of Arrangement will have the following benefits.