Tribunals and CommissionsDivision Bench(2022) 02 NCLT CK 0011

Maya Fincap Private Limited vs Registrar of Companies

National Company Law Tribunal · Decided on 3 February 2022

HON’BLE JUDGES
Harnam Singh Thakur, Member J · Subrata Kumar Dash, Member, T
RESULT
Disposed Of
CASE NUMBER
C.A.(CAA) 47 Of 2021

CourtKutchehry membership

More clarity. Every judgment.

Download court copies, explore connected cases and make more of every research session.

Loading membership options…

Ask AI about this case

AI Structured Summary

Not yet generated for this judgment

Judgment

49 paragraphs · 233 words

Computation of Share Exchange Ratio and the number of Equity and Preference Shares to

be issued in AMHP to the shareholders of MFPL",,,,,,

Total NAV of MPFL,(a),"22,19,64,769",,,,

Consideration to be discharged through issue ofÂ

Equity Shares in AMHP to shareholders ofÂ

MFPLÂ (92.7639%Â of total consideration)",(b),"20,59,03,294",,,,

Remaining     Consideration    Â

to     be discharged through issue of Preference

Shares in AMHP to shareholders of MFPL

(7.2360% of total consideration)",(c)=(a-b),"1,60,61,475",,,,

Face Value of each Preference Share of AMHP to be

issued to shareholders of MFPL",(d),100,,,,

Number of Preference Shares of AMHP to be issued to

shareholders of MFPL",(e)=(c)/(d),"1,60,615",,,,

Fair value per equity share of MFPL as per NAV

approach",(f),"2,302.06",,,,

Proportionate  Value  of  each  MFPL

share for which Equity Shares in AMHP to be issued to

shareholders of MFPL",(g)=(f)*(b)/(a),"2,135.48",,,,

Fair value per Equity Share of AMHP

(average of DCF and Multiple approach)",(h),111.299,,,,

Total number of Equity Shares in Maya Fincap Limited,(i),"96,420",,,,

Share  Exchange  Ratio  for  issue  of

Equity Shares in AMHP",(j)=(g)/(h),"19,187",,,,

Number of Equity Shares of AMHP to be issued to

shareholders of MFPL",(k)=(i)*(g)/(h),"18,50,000",,,,

,"Equity

Shareholder","Consent

submitted on affidavit","Secured

Creditors","Consent

submitted on

affidavit","Unsecure

d Creditors","Consent

submitted on

affidavit

Applicant

Company No.1",3 ( Three ),100%,NIL,NA,NIL,NA

Applicant

Company No.2","22Â (Twenty

Two)",100%,NIL,NA,"21

(Twenty One)

Unsecured

Creditors","17

Unsecured

Creditors having

92.51% in

value

   Â,,,,,,

   Â,,,,,,