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NATIONAL COMPANY LAW TRIBUNAL
STRIDE CAPITAL CONSULTANTS PRIVATE LIMITED VS
IN THE NATIONAL COMPANY LAW TRIBUNAL
NEW DELHI, COURT-III (SPECIAL BENCH)
Under Section 66 of the Companies Act, 2013 read with Rules of the National Company Law Tribunal (Procedure for Reduction of Share
Capital of Company) Rules, 2016.
IN THE MATTER OF:
M/s. STRIDE CAPITAL CONSULTANTS PRIVATE LIMITED
Having its Registered Office at:
E-13/29, 1st Floor, Harsha Bhawan, Connaught Place,
Central Place, New Delhi-110001.
CIN: U93090DL2018PTC331447 …… Petitioner Company
Order Pronounced On: 13.06.2024
CORAM:
SHRI BACHU VENKAT BALARAM DAS, HON’BLE MEMBER
(JUDICIAL)
SHRI RAHUL BHATNAGAR, HON’BLE MEMBER (TECHNICAL)
APPEARANCES:
For the Petitioner : Mr. Lokesh Dhyani, Ms. Ashima Jain, Mr. Yash
Jain, Advs.
For the RD : Ms. Jyoti Khurana Adv.
ORDER
PER: RAHUL BHATNAGAR, MEMBER (TECHNICAL)
1. The present Petition has been filed by M/s. Stride Capital
Consultants Private Limited, the Petitioner Company before this Tribunal, under Section 66 of the Companies Act, 2013 (“the Act”) read with Rules of the National Company Law Tribunal (Procedure for reduction of share capital of Company) Rules, 2016. The
Petitioner Company seeks approval of this Tribunal qua extinguishing and reducing the existing issued, subscribed a
Reduction of share capital approved when statutory procedures followed and no objections raised.
The tribunal confirmed the validity of preference share capital reduction under the Companies Act, emphasizing shareholder approval and absence of creditor prejudice.
Reduction of share capital under the Companies Act requires compliance with statutory provisions and shareholder approval.
Approval of share capital reduction under Companies Act requires no objection from creditors and adherence to statutory provisions.
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