2017 (6) TMI 1350

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....Ahmed M Chunawala i/b Rajesh Shah & Co, Advocates for the Petitioner ORDER 1. Heard the Learned Counsel for the Petitioner Company. No objector has come before the Tribunal to oppose the Petition and nor has any party controverted any averments made in the Petition. 2. The Counsel for the Petitioner Company submits that no representations have been received from the Central Government thr....

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....peess One Thousand Five Hundred and Forty Three Crores Thirty Nine Lacs Sixty Five Thousand Five Hundred and Fifty) standing to the credit of the Securities Premium Account by crediting the Statement of Profit and Loss to adjust the deficit to the Statement of Profit and Loss of the Petitioner Company. 5. The Counsel for the Petitioner Company further submits that the Petitioner having passed a....

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....davit in compliance in the Tribunal. Moreover, the Petitioner Company also undertakes to comply with statutory requirements, if any under the Companies Act, 2013 and the Rules made thereunder, as may be applicable. 7. Since the requisite statutory procedure has been fulfilled, the Company Petition is made absolute in terms of the prayer clause of the Petition. 8. All concerned regulatory aut....