ORDER

1. The present Petition is filed by Panama Wind Energy Godawari Private Limited (Petitioner Company) for confirmation of reduction of preference share capital of the Petitioner Company under Section 66 of the Companies Act , 2013 and in accordance with the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016 and other applicable provisions, if any.

2. The Petitioner Company is a private limited company incorporated under the provisions of the Companies Act , 1956. The registered office of the Petitioner Company is situated in Pune and therefore, this Bench has the jurisdiction to entertain the petition.

3. The nature of business as per the Memorandum of Association of the Petitioner Company is as follows:

“To procure licenses and other authorities and concessions for or in relation to the generation and supply of energy from wind and to undertake, assist, promote developmental, scientific, technical, engineering research activities associated with the generation, transmissions and distribution of power derived from non-conventional source of energy i.e. wind and to take over any licenses or concessions hold by any person, firm or comp