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 Mandava Holding Pvt Ltd (the Demerged Company) and Mandava Properties Pvt Ltd (the Resulting Company). 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. Mr. VB Raju appeared as learned counsel representing both applicant companies. The matter was heard by the bench and subsequently reserved for orders, meaning a decision will be issued at a later date.
Final Outcome
The tribunal has reserved its order on the demerger application. The final ruling regarding approval of the demerger scheme between Mandava Holding Pvt Ltd and Mandava Properties Pvt Ltd is pending and will be communicated through a subsequent order.
Topics: Corporate Restructuring, NCLT Proceedings