2019 (1) TMI 1685

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.... Ratnanko Banerji and Ms. Barsha Dikshit, Pr. CS For the petitioners. Mr. Vineet Rai, Asstt. Registrar of Companies For the Regional Director, ER, MCA ORDER  This is with respect to the joint petition filed by the Petitioner Companies, namely, Prithvi Tea Co. Private Limited, the "Transferor Company" and Cachar Tea & Industries Private Limited, the "Resulting Company" u/s. 230 of the....

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....t showing the realisable value of the assets of the Transferor Company in the Balance Sheet, which come to Rs. 7.58 Crores and not to Rs. 1.14 Crores as shown in the Balance Sheet and therefore, the applicant may be directed to submit revised financial statement in compliance of Section 131 of the Companies Act, 2013. 3. To the above said objection, Ld. Sr. Counsel appearing for the applicant h....

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....ea Estates Limited and Asharam Leasing and Finance Private Limited, it is understood that the Transferor Company, namely, Prithvi Tea Company Private Limited reserves its right to claim Rs. 7.58 Crores against Doloo Tea Company (India) Limited by stepping into the shoes of original lender Asharam Leasing and Finance Private Limited. It is good to read the clause, which reads as follows: "....

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....nd keep at  registered office books of account and other relevant books and papers and financial statement for every financial year which give true and fair view of the state of the affairs of the company, including that of is branch office or offices, if any, and explain the transaction effected both at the registered office and its branches and such books shall be kept on accrual basis and ....