2025 (11) TMI 867

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Advocate with Mr. Sagar Dhakane, Advocate i/b Agama Law Associates ORDER Misc. Application No. 700 of 2025 in Appeal No. 184 of 2025 This Misc. Application No. 700 of 2025 in Appeal No. 184 of 2025 is filed with the following prayers: a. Allow Appellant No. 1 Company to enter into and complete the proposed share-swap arrangement with CCL in respect of Appellant No. 1's Company's holding in DCPL, and pass appropriate directions to the Respondent to grant all the permissions in this regard that may be required as an exception to the Impugned Order; b. Allow Appellant No. 1 Company to conduct a preferential/rights issue of securities and pass appropriate directions to the Respondent to grant all the permissions in th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Exchanges before the expiry of debarment period shall be in variance with the order of this Tribunal dated May 02, 2025. He contended that after hearing the appellants at length, this Tribunal has not granted any interim order. Therefore, the application is untenable in law and liable to be dismissed. 4. We have considered the rival contentions and perused the record. 5. The Appellant No. 1 desires to transfer its fully owned subsidiary 'Deal money' to 'Continental Controls Limited' (Appellant No. 3) and in turn Continental Controls Limited will issue shares to Appellant No. 1. The second aspect is to file necessary applications and documents with the SEBI and Stock Exchanges seeking permission for Rights issue and preferential shares....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f 2025 is filed with the following prayers: a. Allow One life Capital Advisors Limited to enter into the and complete the proposed share-swap arrangement with CCL in respect of One life Capital Advisors Limited's holding in DCPL, and pass appropriate directions to the Respondent to grant all the permissions in this regard that may be required as an exception to the Impugned Order vis-a-vis Applicant No. 1 b. Allow CCL and FCHL to conduct a preferential / rights issue of securities and pass appropriate directions to the Respondent to grant all the permissions in this regard, that may be required as an exception to the Impugned Order. c. Allow One life capital Advisors Limited to conduct a preferential/rights issue ....