2025 (8) TMI 1189

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Dwivedi For the Petitioner : Shri Vashistha Narayan Dubey - Advocate For the Respondent No. 1. : Ms. Yashika Bondwal - Advocate For the Respondent No.2. : Shri Shantanu Sharma - Advocate ORDER PER: JUSTICE VIVEK RUSIA With the consent of parties, matter is heard finally. 2. The petitioner has filed this present petition under Article 226 of the Constitution of India seeking quashment of no....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f the Companies Act, 2013 seeking sanction of scheme merger and amalgamation with M/s Snehal Commercial Pvt. Ltd. (Transferee Company). Vide order dated 12.04.2019, the learned Tribunal dispensed the meeting of Equity Shareholders, Secured Creditors and Unsecured Creditors of all the aforementioned companies. After completing the necessary procedure under the Companies Act and Companies (Arrangeme....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....me tax return for the AY 2020-2021 on the basis of certain transactions that were noticed in the financial year 2019-2020 for which no income tax return was found to be filed. The petitioner submitted a reply to the effect that on account of merger w.e.f. 01.04.2018 no notice could have been issued to M/s Nivedan Commerce Pvt. which is not in existence. The aforesaid contention was not accepted an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....in active even after so called date of merger. Appreciations and conclusion 7. On a specific query made to the learned counsel for the petitioner about the continuation of the PAN after 01.04.2018, the counsel submits that he has no knowledge about the same. The petitioner along with three other companies, submitted an application for acceptance of scheme of merger and amalgamation w.e.f. 01.04.....