IN RE Vs. FLOMIC FREIGHT SERVICES PRIVATE LIMITED

JUDGEMENT

(1.) Upon the application of the Applicant Companies above named by a Company Notice of Admission AND UPON HEARING Mr. RUSHIL AIYA and Mr. AJIT SINGH 1AWAR i/b AADBID & CO. Company Secretaries ol' the Applicant Company. AND UPON READING the Application along with the Notice of Admission dated 23rd day of September, 2017 of Mr. SATYAPRAKASH SATYANARAYAN PATHAK, Director of the Applicant Companies, in support of Notice of Admission along with Applications and Exhibits therein referred to. IT IS ORDERED THAT:

(2.) The Learned Counsel has relied upon the letter from Bombay Stock Exchange dated 16lh August, 2017 calling for First Applicant Company to carry out modification to the Scheme in terms of the aforesaid circular and the Learned Counsel has sought modifications in the scheme as averred in paragraph 21 of the interlocutory application inter alia as follows:-

(3.) The Learned Counsel for the Applicant Company submits that the modified scheme needs to be approved by the shareholders of both the Applicant companies and therefore the reliefs sought under the interlocutory application are allowed as under:-