Case Details

Case Name: CP (CAA) No. 19/230/HDB/2026

Parties: M/s. P L Raju Constructions Ltd. (Demerged Company), M/s. Adivarah Infra Pvt Ltd. (Resulting Company 1), M/s. Sitalakshmi Infra Pvt Ltd. (Resulting Company 2)

Court/Authority: National Company Law Tribunal, Hyderabad Bench - 1

Date of Hearing: 21 May 2026

Legal Provisions: Section 230(1)(b) read with Section 232 of Companies Act, 2013

Parties Involved

Petitioners: The three companies involved in the demerger arrangement

Tribunal Members: Sh. Rajeev Bhardwaj (Hon'ble Member - Judicial), Sh. Sanjay Puri (Hon'ble Member - Technical)

Legal Counsel: Ld. S. Vivek Ganesh represented the petitioners

Procedural History

  • First Motion Petition order was passed on 29.04.2026 in CA (CAA) No.17/230/HDB/2026
  • In the first motion order, meetings of shareholders and creditors were dispensed with
  • Current proceedings represent the next stage in the demerger approval process

Notice Requirements Directed

Statutory Authorities to Receive Notice:

  • Central Government through Ministry of Corporate Affairs (Jurisdictional Regional Directors)
  • Income Tax Authorities
  • Reserve Bank of India
  • Securities and Exchange Board of India
  • Registrar of Companies
  • Respective Stock Exchanges
  • Official Liquidator
  • Competition Commission of India
  • Other sectoral regulators or authorities likely to be affected

Specific Delivery Instructions:

  • Regional Director, South Eastern Region, Hyderabad: rd.ser@mcl.gov.in
  • RoC, Hyderabad: roc.hyderabad@mca.gov.in
  • Official Liquidator: ol-hyderabad-mca@nic.in
  • Income Tax Authorities: hyderabad.pccit@incometax.gov.in

Publication Requirements:

  • Notice to be published in one English and one Vernacular daily newspaper
  • Compliance with Rule 7 of Companies (Companies Arrangements and Amalgamation) Rules, 2016
  • Proof of service and publication to be filed by affidavit

Representation Timeline

  • All authorities have 30 days from date of receipt of notice to file representations
  • If no representation received within 30 days, presumption of no objection to the proposal
  • Notices must be sent in Form CAA.3 accompanied by scheme copy, explanatory statement, and disclosures under rule 6

Next Hearing

  • Matter listed for next hearing on 24 July 2026
  • Compliance with notice and publication requirements to be completed before next date