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NATIONAL COMPANY LAW TRIBUNAL
K Biswal, Ravichandran Ramasamy, JJ
QUESS CORP LIMITED – Appellant
Versus
ROC – Respondent
| Table of Content |
|---|
| 1. petition submitted for composite scheme of arrangement. (Para 1 , 2) |
| 2. tribunal's directions for hearing notifications. (Para 3 , 4 , 5) |
| 3. observations from regional authorities on petition details. (Para 12) |
| 4. petition responses to outstanding obligations and regulatory compliance. (Para 13 , 14) |
| 5. court approval of the composite scheme and its implications. (Para 20 , 21 , 22) |
| 6. final orders and compliance directions for petitioners. (Para 23 , 24 , 25) |
ORDER
1. This is a Second Motion Petition filed on 12.12.2024 by Quess Corp Limited (for brevity, the ‘Petitioner Company No.1/ Demerged Company’), and Digitide Solutions Limited (for brevity, the ‘Petitioner Company No.2/ Resulting Company No.1’) with Bluspring Enterprises Limited (for brevity, the ‘Petitioner Company No.3/ Resulting Company No.2’) under Sections 230 to 232 of the Companies Act, 2013 (for short to be referred hereinafter as the ‘Act’) and Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (for brevity, ‘Rules’) by inter alia seeking for the sanction of Composite Scheme of Arrangement of Petitioner Company No.1, Petitioner Company No.2 and Petitioner Company No.3 and their respect
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