SANZYME PRIVATE LIMITED Vs. SANZYME BIOLOGIES PRIVATE LIMITED

JUDGEMENT

(1.) The Joint Company Petition bearing CP (CAA) No. 64/230/HDB/2017 is filed by M/s. Sanzyme Private Limited (1st Petitioner/Demerged Company) and M/S. Sansyme Biologies Private Limited (2nd Petitioner/Resulting Company) under Sections 232 R/w section 230 of the Companies Act, 2013, by inter-alia seeking to sanction scheme of Arrangement as per Annexure-G, so as to be binding on all the Equity Shareholders/Members, Creditors and employees of the Petitioner/Transferee Company etc.

(2.) The case was listed before this Bench on 7.3.2017, 19.5.2017, 19.7.2017, reserved on 28.7.2017.

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