ORDER

Per Radhakrishna Sreepada, Member(Technical):

1. This petition is filed by M/s. Lifestyle International Private Limited (hereinafter referred as ‘Petitioner Company’) Under section 66 of the Companies Act, 2013 read with Rule 2 (1) of the National Company Law Tribunal (Procedure for Reduction of Share Capital) Rules, 2016 inter-alia seeking following reliefs:

a. That to approve the reduction of capital as approved by the Petitioner Company in terms of the Special Resolution passed by the Shareholders at its Extraordinary General Meeting held on 31^st October 2023 and such reduction in share capital be confirmed by this Hon’ble Tribunal.

b. That the proposed Minutes as set out in Annexure –G3 be approved as the minute relating to the Reduction of the share capital of the Petitioner so as to make the Reduction effective and the Petitioner Company be exempted from inserting the word “and Reduced” to its name;

c. All directions necessary and proper be made and given and

d. For such further and other orders may be deem fit and proper in the circumstances of the case;

e. The Applicant be permitted to carry out paper publication in one English daily “the Hindu” and the kannada daily “Uday