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2025 Supreme(Online)(NCLT) 8200

NATIONAL COMPANY LAW TRIBUNAL
SHRI. RAJEEV BHARDWAJ, J, SHRI. SANJAY PURI, T
Sresta Natural Bioproducts Pvt Ltd – Appellant
Versus
ITC Limited – Respondent


Advocates:
For the Applicants: Mr. Y. Suryanarayana, Ld. Counsel, Mr. Ramakrishna, Ld. Counsel

ORDER

1. This is a Joint Application filed on behalf of the Applicants, M/s.Sresta Natural Bioproducts Private Limited (Applicant Company/1st Transferor Company) and M/s.Wimco Limited (Non- Applicant Company/2nd Transferor Company) with M/s.ITC Limited (Non-Applicant Company/Transferee Company) under Section 230 and 232 of the Companies Act, 2013 R/W Rule 3 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, inter-alia seeking the following reliefs:

a. To dispense with the requirement of holding of the meeting of the Equity Shareholders of the Applicant Company since all the Equity Shareholders of the Applicant Company have given their consent to the Scheme.

b. To dispense with the requirement of holding of the meeting of the Unsecured Creditors of the Applicant Company.

2. The Registered Offices of the Applicant/Transferor Company 1 is situated in the State of Telangana and Non-Applicant/Transferor Company 2 and Transferee Company are situated in the State of West Bengal.

3. Details of Applicant/1st Transferor Company a. Sresta Natural Bioproducts Private Limited (Applicant/1st Transferor Company) is a Private Limited Company incorporated on 09.03.2004, bearing

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