Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 09 October 2026
Case Overview
The hearing concerned Company Petition CP(CAA)/29/230/HDB/2026 filed under Section 230 of the Companies Act, 2013. The petition involves a proposed scheme of arrangement between Mandava Holdings Pvt Ltd (the Demerged Company) and Mandava Properties Pvt Ltd (the Resulting Company), specifically a demerger. The matter was heard in a hybrid mode (virtual and physical) before a bench comprising Judicial Member Shri Rajeev Bhardwaj and Technical Member Shri Sanjay Puri.
Representation included Mr. V. B. Raju, counsel for the petitioner companies; Smt Kusum Yadav, Deputy Director from the office of the Regional Director (RD); and Ms. Rakshitha, counsel representing the Income Tax Department. The primary purpose of the hearing was to receive reports from the statutory authorities, namely the Registrar of Companies (RoC) and the Regional Director (RD), regarding the demerger scheme.
Final Outcome
The Tribunal did not rule on the merits of the demerger application. The hearing was adjourned to 14 October 2026 specifically to allow the Regional Director and the Registrar of Companies time to file their requisite reports on the matter.
Topics: Corporate Restructuring, NCLT Proceedings