Case Details
Case Name: In the matter of Nakoda Chemicals Limited (Demerged/Transferee Co.) and S.V. Organics Pvt Ltd (Transferor Co.) and Clofot Solutions and Services Pvt Ltd (Resulting Co.)
Court/Authority: National Company Law Tribunal, Hyderabad Bench – II
Case Numbers: CP (CAA) No.09/230/HDB/2026 connected to CA (CAA) No.06/230/HDB/2026
Hearing Date: 21 May 2026 at 10:30 AM
Legal Provision: Section 230 of Companies Act
Parties Involved
Petitioners:
- Nakoda Chemicals Limited (Demerged/Transferee Company)
- S.V. Organics Pvt Ltd (Transferor Company)
- Clofot Solutions and Services Pvt Ltd (Resulting Company)
Representation:
- Mr. Jayesh Khatri, PCS for Mr. DVM Gopal, PCS for the Petitioner
- Ms. Kusum Yadav, Assistant Director from the Regional Director office
- Mr. Deowrat V Meeshram, Assistant, Liquidator from the Official Liquidator office
- None appeared from IT Department
Bench:
- Shri. Rajeev Bhardwaj, Hon'ble Member (Judicial)
- Shri. Sanjay Puri, Hon'ble Member (Technical)
Current Status & Directions
Reports Filed: IT Department and Regional Director have filed their reports on the composite scheme of arrangement.
Compliance Requirement: Petitioners directed to file compliance report to the report filed by the Official Liquidator within one week from 21 May 2026.
Next Hearing: Matter adjourned to 19 June 2026 for further proceedings.
Nature of Proceeding
The hearing concerns a composite scheme of arrangement involving demerger between Nakoda Chemicals Limited (as Demerged/Transferee Company), S.V. Organics Pvt Ltd (as Transferor Company), and Clofot Solutions and Services Pvt Ltd (as Resulting Company) under Section 230 of the Companies Act, 2013.