IN RE Vs. LYKA SECURITIES AND INVESTMENTS PRIVATE LIMITED
LAWS(NCLT)-2017-11-399
NATIONAL COMPANY LAW TRIBUNAL
Decided on November 10,2017

IN RE Appellant
VERSUS
LYKA SECURITIES AND INVESTMENTS PRIVATE LIMITED Respondents

JUDGEMENT

- (1.) The sanction of this Tribunal is sought under Sections 230 to 232 of the Companies Act, 2013. to a Scheme of Amalgamation between M/s. Lyka Securities And Investments Private Limited (ls1 Transferor Company) and M/s. Tenzing & Tenzing (India) Private Limited (2nd Transferor Company) with M/s. ENAI Trading And Investment Private Limited (Transferee Company) .
(2.) The Transferor Companies and the Transferee Company have approved the said Scheme of Amalgamation by passing the Board Resolutions and thereafter they have approached the Tribunal for sanction of the Scheme.
(3.) The First Transferor Company presently carrying on business of an investment company and to invest in, deal in, acquire, buy, sell, transfer, shares bonds, obligations. stocks, securities, debentures, debentures stocks, issued or guaranteed by any company constituted and carrying on business in India or elsewhere, and Government State, dominions, sovereign, Central or State commissioners.;


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