Authority: National Company Law Tribunal, Hyderabad Bench-II
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Hyderabad Bench-II heard an application filed under Section 230 of the Companies Act, 2013 concerning a proposed demerger arrangement between Uma Estates and Infrastructure Pvt Ltd (designated as the Demerged Company) and Sri Ramachandra Builders Pvt Ltd (designated as the Resulting Company). The matter was registered as IA(CA)/67/2026 in CP (CAA)/20/230/HDB/2025. The hearing was conducted in hybrid mode (virtual and physical) on 12 June 2026 at 10:30 AM before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Legal representation for the applicant companies was provided by Mr. Y. Suryanarayana along with Mr. Puttaparthi Jagannatham, a Practicing Company Secretary (PCS).
Final Outcome
After hearing the submissions, the bench reserved the matter for orders. The final decision on the approval of the demerger scheme under Section 230 of the Companies Act, 2013 is pending and will be pronounced at a later date.
Topics: Corporate Restructuring, NCLT Proceedings