IN RE Vs. PACIFIC CAPITAL SERVICES PRIVATE LIMITED

JUDGEMENT

(1.) The Counsel for the Applicant Companies submit that the present Scheme is an Amalgamation of Pacific Capital Services Private Limited and Nemani Capitals Private Limited and Mandeep Software Services Private Limited and Powerful lintrade and Investment Private Limited and Ruplila Steels Private Limited and Daisy f invest Private Limited and Credential Capital Services Private Limited with Credential Securities Private Limited and their respective Shareholders.

(2.) The Counsel for the Applicant Companies further submit that the Transferor Companies were formed to cany out business in accordance with the aforementioned objects, and are thereby proposed to be merged with the Transferee Company in order to achieve operational, financial and administrative synergies. leverage combined assets and build a stronger sustainable business.

(3.) 1 he Counsel for the Applicant Companies further submit that the rationale for the Scheme is that the amalgamation would result in the following benefits to the Transferee Company: