IN RE Vs. SUNDARAM FINANCE LIMITED

JUDGEMENT

(1.) Under consideration are Company Petition Nos. CP/210/CAA/2017, CP/211/CAA/2017 CP/212/CAA/2017, CP/213/CAA/2017 and CP/214/CAA/2017 that have been filed in relation to the CA/149/CAA/CB/2017 under Section 230 to 232 of the Companies Act, 2013. The composite Scheme of Arrangement and Amalgamation is among M/s. Sundaram Finance Limited (1st Resulting Company/ 2nd Demerged Company) , M/s. Sundaram Insurance Broking Services Limited (1st Transferor Company) , M/s. Infreight Logistics Solutions Limited (2nd Transferor Company) , M/s. Sundaram BPO India Limited (1st Demerged Company) and M/s. Sundaram Finance Holdings Limited (2nd Resulting Company) .

(2.) The Petitions are filed to obtain sanction of this Tribunal to the Composite Scheme of Arrangement and Amalgamation that provides as under:-

(3.) M/S. Sundaram Finance Holdings Limited (Petitioner Company/2nd Resulting Company) is is currently a wholly owned subsidiary of M/s. Sundaram Finance Limited, the 2nd Demerged Company.