Cygnet Infotech Private Limited vs Velomatch Limited on 19 May, 2023
Author: Rajesh Bindal
Bench: Rajesh Bindal
IN THE SUPREME COURT OF INDIA
CIVIL ORIGINAL ... 90598/2023 IN/AND
ARBITRATION PETITION (CIVIL) NO.20/2023
CYGNET INFOTECH PRIVATE LIMITED Petitioner(s)
VERSUS
VELOMATCH LIMITED Respondent(s)
ORDER
Learned counsel
Cygnet Infotech Private Limited vs Velomatch Limited on 21 April, 2023
Author: Pamidighantam Sri Narasimha
Bench: Pamidighantam Sri Narasimha
ITEM NO.14 COURT ... PROCEEDINGS
Petition(s) for Arbitration (Civil) No(s). 20/2023
CYGNET INFOTECH PRIVATE LIMITED Petitioner(s)
VERSUS
VELOMATCH LIMITED Respondent(s)
(FOR ADMISSION )
Date
Voting
Shareholder Co. i.e. M/s Cygnet Enterprise Pvt. Ltd. rights in M/s Cygnet
Infotech Pvt. Ltd.
Shri Niraj Hutheesing ... appellant the receiver company CEPL (Cygnet Enterprises pvt. Ltd.) is not shareholder in the
giver company CIPL(Cygnet Infotech Pvt. Ltd.) which
correct in directing to exclude Cygnet Infotech Pvt. Ltd from the list of
comparables without analyzing the fact that it is an accepted principle that ... Systems
International Ltd., Nihilent Ltd., Tata Elxsi Ltd., Infobeans Technologies Ltd.,
Cygnet Infotech Pvt. Ltd., Cadsys (India) Ltd., Cybage Software Pvt. Ltd.,
Interglobe Technology Quotient
Services Pvt. Ltd. 84.77%
20 E-Infochips Pvt. Ltd. 67.71%
21 Cygnet Infotech Pvt. Ltd. 24.86%
22 Dynamic Digital Technology Pvt. Ltd. 0.19%
23 Gislen ... assessee is seeking exclusion of Cadsys (India) Ltd., Cygnet Infotech
Pvt. Ltd., Dun & Bradstreet Technologies & Data Services Pvt. Ltd., E-Infochips
Ltd., Interglobe
Persistent Systems Ltd 31.21% 32.02% 39.13%
Cygnet Infotech Private Limited - 16.65% 18.41%
Threesixty Logica Testing Services - - 18.23%
Pvt. Ltd.
Harbinger Systems ... Indbeans Technologies Ltd
g) Aptus Softwer Labs Pvt Ltd.
h) Cygnet Infotech Pvt Ltd
i) Nihilent Ltd.
j) OFS Technologies Ltd
k) Infosys
Persistent Systems Ltd 31.21% 32.02% 39.13%
Cygnet Infotech Private Limited - 16.65% 18.41%
Threesixty Logica Testing Services - - 18.23%
Pvt. Ltd.
Harbinger Systems ... Indbeans Technologies Ltd
g) Aptus Softwer Labs Pvt Ltd.
h) Cygnet Infotech Pvt Ltd
i) Nihilent Ltd.
j) OFS Technologies Ltd
k) Infosys
Persistent Systems Ltd 31.21% 32.02% 39.13%
Cygnet Infotech Private Limited - 16.65% 18.41%
Threesixty Logica Testing Services - - 18.23%
Pvt. Ltd.
Harbinger Systems ... Indbeans Technologies Ltd
g) Aptus Softwer Labs Pvt Ltd.
h) Cygnet Infotech Pvt Ltd
i) Nihilent Ltd.
j) OFS Technologies Ltd
k) Infosys
Nihilent Ltd. 29.82
15. OFS Technologies Ltd. 29.93
16. Cygnet Infotech Pvt. Ltd. 30.19
17. Infosys Ltd. 39.50
18. Threesixty Logica Testing Services ... Elxsi Ltd. 26.19%
15. Aptus Software Labs Pvt. Ltd. 26.32%
16. Cygnet Infotech Pvt. Ltd. 28.55%
17. Infobeans Technologies Ltd. 28.92%
18. Nihilent
from the Appellant:
i. Mindtree Limited
ii. Tata Elxi Limited
iii. Cygnet Infotech Pvt. Ltd.,
iv. Infobeans Technologies Limited
v. Nihilent Limited
vi. Infosys Limited ... Persistent Systems Ltd.,
iv. Infosys Limited
v. Tata Elxi Limited
vi. Cygnet Infotech Pvt. Ltd.,
vii. Infobeans Technologies Limited
viii. Nihilent Limited
ix. Consilient Technologies
