IN RE Vs. VITP PRIVATE LIMITED

JUDGEMENT

(1.) The Company Application bearing CA. (CAA) No. 194/230/HDB/2017 is filed by M/s. VITP Private Limited (Applicant Company/ Transferee Company) under Sections 230, 232 and other applicable provisions of the Companies Act, 2013, r/w Rule 3 of the Companies (Compromises, Arrangements, Amalgamations) Rules, 2016 7 r/w Rules 11, 23A & 34 of the NCLT Rules, 2016, by inter-alia seeking to convene the meetings of the shareholders and unsecured Creditors of the Applicant Company/Transferee Company.

(2.) Brief facts, leading to filing of present Company Application, are as follows:-

(3.) The Directors of both the Transferor Company and Transferee Company are of the opinion that the proposed Amalgamation will be for the benefit of both the Companies as follows: