KARVY CONSULTANTS LIMITED (KCL) Vs. KARVYFINTECHPRIVATE LIMITED (KFPL)

JUDGEMENT

(1.) The present joint Company Application bearing CA (CAA) No. 77/230/HDB/2017 is filed by Karvy Consultants Limited (1st Applicant/Demerged Company) , Karvy Computershare Private Limited (2nd Applicant/Transferor Company) and Karvy Fintech Private Limited (3rd Applicant / Transferee Company) under Section 230 of Companies Act, 2013, by inter-alia seeking following reliefs:-

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

(3.) Rationale FOR THE PROPOSED COMPOSITE SCHEME OF ARRANGEMENT The circumstances that have necessitated or justified the proposed composite scheme andits main benefits are inter alia, summarised as under: