In the matter of petition

under Section 66 of the Companies Act, 2013

and Rule 2 of the National Company Law Tribunal (Procedure for Reduction of Share

Capital of Company) Rules, 2016;

And

In the matter of

Directi Web Services Private Limited

CIN: U36910MH2004PTC147775 …Petitioner Company

Order delivered on 10.06.2024

Coram:

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

Appearances (through)

For the Petitioner : Mr. Ahmed Chunawala,

Advocate ORDER:

1. Heard the Learned Counsel for the Petitioner Company. No objector has come before the Tribunal to oppose the Petition and nor has any party controverted any averments made in the Petition, except as otherwise stated hereunder.

2. The Petitioner Company submits that Articles of Association of the Company read along with Clause 42 of the Articles of Association of the Petitioner Company empowers the Petitioner Company to reduce its capital in any manner permitted by law from time to time by passing a Special Resolution in any manner for the time being authorised by law.

3. The Petitioner Company submits that for the reasons set out in its application, the Board of Directors of the Company, at their m