Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: October 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard a petition filed under Section 230 of the Companies Act, 2013, concerning a scheme of arrangement between Fitride Labs Private Limited (Transferor Company) and Prayagh Nutri Products Private Limited (Transferee Company). The hearing was conducted in hybrid mode (virtual and physical attendance) on October 9, 2026, at 10:30 AM. The matter was listed as CP (CAA) No.25/230/HDB/2026.
The bench comprised Shri Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri Sanjay Puri, Hon'ble Member (Technical). Representation included Mr. Shailesh Baheti (Practicing Company Secretary) for the petitioners, Smt Kusum Yadav (Deputy Director) from the Regional Director's office, Mr. Deowarat Vasantrao Meshram (Assistant Official Liquidator) from the Official Liquidator's office, and Ms. Rakshitha (Counsel) representing the Income Tax Department.
The primary reason for the adjournment was to allow time for the filing of reports by the Income Tax Department and the final report by the Official Liquidator, which are required for the tribunal to properly consider the scheme of arrangement.
Final Outcome
The NCLT adjourned the matter to October 30, 2026, for the filing of these reports and further consideration of the scheme. The order was signed by both members of the bench.
Topics: NCLT Proceeding, Scheme of Arrangement