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2025 Supreme(Online)(NCLT) 5627

NATIONAL COMPANY LAW TRIBUNAL
Shri. Vinay Goel, Smt. Madhu Sinha, JJ
SYNTHITE INDUSTRIES PRIVATE LIMITED – Appellant
Versus
Income Tax Department – Respondent


Advocates:
For the Appellants/Petitioners: Mr M.R. Thiagarajan, PCS
For the Respondents:Mrs Varsha, Advocate

ORDER

Per Coram

1. Heard Mr. Thiagarajan, appearing for the Petitioner Companies, Ms. Bindu Vergis, AOL, Representative appearing for the Registrar of Companies, and perused the documents on record.

2. This joint Company Petition has been filed under Section 230 - 232 of the Companies Act , 2013 for sanctioning the scheme of Arrangement Amalgamation of Synthite Industries Private Limited (Petitioner No 1/ Transferor Company) with Botaniam Ventures Private Limited (Petitioner Company-2/Transferee Company 1) and Pure Spaces Hospitality Private Limited (Petitioner Company- 3/Transferee Company 2)and Zenriva Brands Private Limited (Petitioner Company-4/Transferee Company 3), in accordance with the terms of the said Scheme.

3. Synthite Industries Private Limited (hereinafter referred to as “Petitioner No 1” or “Transferor Company”)

a) The Transferor Company is a private limited company incorporated on 23.07.1970 under the Companies Act , 1956, CIN No: U24299KL1970PTC002294, having its Registered Office at "Synthite Corporate House", VIII-A, Kadayiruppu, Kolencherry-682311, Ernakulum, Kerala. The authorized share capital of the company as on 31.03.2024 is Rs. 25,00,00,000/-divided into divid

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