Devbhumi Realtors Demerger Scheme NCLT Hearing

Case Name: CP (CAA) No. 20/230/HDB/2026 Connected With CA (CAA)No.10/230/HDB/2026

Court/Authority: National Company Law Tribunal Hyderabad Bench - II

Hearing Date: 22 May 2026

Presiding Members: Shri. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri. Sanjay Puri, Hon'ble Member (Technical)

Legal Provisions: Section 230-232 of the Companies Act, 2013 and Companies (Companies Arrangement and Amalgamation) Rules, 2016

Petitioners:

Legal Representation: Mr. R. Inbaraju, Learned Counsel for the Petitioners

First Motion Petition order was passed on 05 May 2026 in CA (CAA) No.10/230/HDB/2026
Equity Shareholders and Secured Creditors of the Applicant Companies were ordered to be dispensed with
Unsecured Creditors of the Applicant Company 1/Demerged Company and Resulting Companies were ordered to be dispensed with

Tribunal issued notice to authorities specified in Section 230(5) of Companies Act, 2013 for submitting representations
Petitioner directed to issue notice in Form CAA3 to:
Central Government through Ministry of Corporate Affairs to Jurisdictional Regional Directors
Regional Director, South Eastern Region, Hyderabad via email: rd.ser@mcl.gov.in
Registrar of Companies, Hyderabad via email: roc.hyderabad@mca.gov.in
Official Liquidator via email: ol-hyderabad-mca@nic.in
Income Tax Authorities via email: hyderabad.pccit@incometax.gov.in
Statutory Regulators/Sectoral Regulators if applicable
Notice publication required in one English and one Vernacular daily newspaper as per Rule 7 of Companies (Companies Arrangements and Amalgamation) Rules, 2016
Proof of service and publication to be filed via affidavit before next hearing
All authorities given 30 days from receipt of notice to file representations
If no representation received within 30 days, presumption of no objection to the proposal

Listed on: 17 July 2026