c/w

C.A.(CAA)/54/MB-I/2024

In the matter of

The Companies Act, 2013 (18 of 2013);

AND

In the matter of

Sections 232 r/w 230

and other applicable provisions of the

Companies Act, 2013 and Rules framed thereunder as in force from time to time;

AND

In the matter of

Composite Scheme of Amalgamation

TCNS Clothing Co. Limited

CIN L99999MH1997PLC417265 …Petitioner Company 1/

Transferor Company

Aditya Birla Fashion and Retail Limited

CIN L18101MH2007PLC233901 …Petitioner Company 2

Transferee Company

(“Collectively referred as Applicant Companies”)

Order delivered on 02.08.2024

Coram:

Shri Prabhat Kumar Justice V.G. Bisht (Retd.) Hon’ble Member (Technical) Hon’ble Member (Judicial)

C.A.(CAA)/54/MB-I/2024 Appearances (through)

For the Petitioner : Mr. Ahmed Chunawala, Advocate For the Regional Director : Mr. Bhagwati Prasad, Assistant Director, Western Region, office of Regional Director, Mumbai ORDER

1. Heard the Learned Counsel for the Petitioner Companies as well as the representative of the Regional Director.

2. This Tribunal has received a letter dated 12.06.2024 by one of the unsecured creditors of Transferee Company i.e. M/s Devanand Singh & Son HUF stating that they have leased out a property to the Transfer