IN RE Vs. EDELCAP SECURITIES LIMITED

JUDGEMENT

(1.) The Company Petition bearing C.P.(CAA) No.133/230/HDB/2017 is filed by M/s. Edelcap Securities Limited (Petitioner / Resulting Company) under Sections 230 & 232 of the Companies Act, 2013, by inter-alia seeking to sanction and confirm Scheme of Arrangement in question so as to be binding on all the Equity Shareholders / Members, and employees of the Petitioner / Resulting Company, etc.

(2.) Brief facts of case, which are relevant to the issue in question, in brief, are submitted as under:

(3.) Both the companies are closely held companies held by the same management. The scheme of Arrangement will have the following benefits.