Tribunals and CommissionsSingle Bench(2020) 02 NCLT CK 0003

Oshin Global Pte. Ltd. And Another vs Mayuka Holdings Private Limited

National Company Law Tribunal · Decided on 4 February 2020

HON’BLE JUDGES
Ratakonda Murali, J
RESULT
Allowed
CASE NUMBER
CA (CAA) No. 11/230/HDB.2020

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Judgment

36 paragraphs · 181 words

(4) It is stated since the Applicant Company was incorporated on 21.06.2019, its financial statements for the first Financial Year will be closed on

31.03.2020. However, the Applicant Company has submitted unaudited Balance Sheet as at 21.08.2019, which is annexed and marked as Annexure

2.",

Particulars,Unaudited Balance Sheet as at 21.08.2019

Equity and Liabilities,

Shareholders' Funds,

Share Capital,"6,63,94,120

Reserves & Surplus,"49,78,74,750

Non-Current Liabilities,

Long Term Borrowings,-

Deferred Tax Liability (Net),-

Current Liabilities,

Trade Payables,-

Other Current Liabilities,"4,000

Short-Term Provisions,"66,800

Total,"56,43,39,670

Assets,

Non-Current Assets,

Fixed Assets,

(i) Tangible Assets,-

(ii) Capital Work in Progress,-

Long Term Loans and Advances,-

Other Non-Current Assets,-

Current Assets,

Trade Receivables,-

Loans & Advances,"56,40,00,000

Cash and Cash Equivalents,"3,39,670

,

,

Other Current Assets,-

Total,"56,43,39,670

to be allowed.,

ORDER,

13.

As a sequel to the above, we hereby order dispensation of conducting meeting of Equity shareholders of the Applicant/Transferee Company.",

14.

In any eventuality when the Applicant Company approach this Tribunal for seeking approval of the Scheme, it would be open for any person who",

is interested in the Scheme to put forth their contentions before the Tribunal.,