Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 12 June 2026
Case Overview
This document is an attendance cum order sheet from a hearing held by the National Company Law Tribunal (NCLT), Hyderabad Bench-II. The matter pertains to an Interlocutory Application (IA) numbered IA(CA)/66/2026, which is filed within the main Company Petition (CP) numbered CP (CAA)/22/230/HDB/2025. The application is made under Section 230 of the Companies Act, 2013, which deals with the power to compromise or make arrangements with creditors and members.
The petitioners in the case are three companies: Hyderabad Securities Pvt Ltd, which is identified as the 'Demerged Company', and two resulting companies: Sri Ramachandra Builders Pvt Ltd (Resulting Company-1) and Sri Moulika Vishwa Builders Pvt Ltd (Resulting Company-2). The hearing was conducted in a hybrid mode (both VC and physical) on 12th June 2026 at 10:30 A.M. before a bench comprising Shri. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri. Sanjay Puri, Hon'ble Member (Technical). The applicants were represented by Mr. Y. Suryanarayana along with Mr. Puttaparthi Jagannatham, a Practicing Company Secretary (PCS).
Final Outcome
After hearing the representations, the bench reserved the matter for orders. The final decision on the application for the scheme of arrangement (demerger) is pending and will be pronounced in a subsequent order.
Topics: Corporate Restructuring, NCLT Proceeding, Demerger