ORDER

1. This is a Company Petition filed under Section 66 (1) of the Companies Act, 2013 seeking approval for the reduction of share capital of the Petitioner Company viz. Suyog Logistics Park Private Limited

2. Heard the Professional appearing for the Petitioner Company and Mr. Bhagwati Prasad, Representative from the Regional Director (WR). No objector has come before the Tribunal to oppose the Petition and nor any party has controverted to any averments made in the Petition.

3. The Professional for the Petitioner Company submits that this Company Petition is filed after having unanimously passed a Special Resolution at the Extra-Ordinary General Meeting of the Equity Shareholders held on 21.08.2023, approving the reduction of the issued, subscribed and paid up equity share capital of the Petitioner Company, by way of cancelling and extinguishing 4,30,742 (Four Lakh Thirty Thousand Seven Hundred and Forty Two) equity shares of INR 10 (Indian Rupees Ten Only) each held by M/s. ILP Core Ventures II Pte. Ltd., the parent company, by payment of consideration of INR 521 (Indian Rupees Five Hundred and Twenty One Only) per equity share, leading to a reduction in the issued, subscribed a