IN C.A. (CAA)/103 (MB) 2022 In the matter of The Companies Act, 2013 And In the matter of Section 234 read with Sections 230 to 232 and other applicable provisions of the Companies Act, 2013;

and In the matter of Scheme of Amalgamation of Ishtar Music Private Limited “Transferor Company”

with Believe International S.(cid:192) RL “Transferee Company and their respective shareholders. Ishtar Music Private Limited CIN: U22300MH2018PTC309504 …Petitioner Company 1 Transferor Company Believe International S.(cid:192) RL …Petitioner Company 2/

…Transferee Company C.A. (CAA)/103 (MB) 2022 Order delivered on02 .08.2023 Coram:

Shri Prabhat Kumar Shri Kishore Vemulapalli Hon’ble Member (Technical) Hon’ble Member (Judicial)

Appearances For the Petitioner : Mr. Hemant Sethi, Mr. Deepak Deshmukh and Ms. Nisha Kaba i/b Naik Naik & Co.

For the Regional Director : Ms. Rupa Sutar, Deputy Director

ORDER

PER: Prabhat Kumar, Member (Techical)

1. Heard Learned Counsel appearing for the Petitioners and the representative of the Regional Director (Western Region). No objector has come before this Tribunal to oppose the Scheme, nor has any party controverted any averments made in the Petition, save as otherwise sta