ORDER

Per: Prabhat Kumar, Member (Technical)

1. Heard the Ld. Authorised Representative for the Petitioner Companies.

2. The sanction of the Tribunal is sought under section 232 read with section 230 and other applicable provisions of the Company Act, 2013 read with the Company (Compromises, Arrangements and Amalgamations) Rules, 2016, to the Scheme of Amalgamation between Trans Continental e-Services Private Limited (“TCeS” or “Amalgamating Company”) and Jet Enterprises Private Limited (“JEPL” or “Amalgamated Company”) and their respective Shareholders.

3. That the First Petitioner Company is engaged in the business to provide business and knowledge process outsourcing services through internet, leased communication lines, private and public networks including satellite, communications links to airlines and other customers and corporates in India as well as abroad and to provide electronic processing and Customer care services through internet, email and telephone for airline and other mode of transportation. The Second Petitioner Company is engaged in the business to develop apply for, purchase, assign, License or otherwise enter into limited right to use of trademark, trade name, pa