Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: October 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard matters related to CP (CAA) No. 30/230/HDB/2026 and IA(CA) 150/2026. The proceedings involve a scheme of arrangement under Section 230 of the Companies Act, 2013 between M/s. Basai Steels & Power Pvt Ltd. (Transferor Company), M/s. A-ONE Gold Pipes & Tubes Pvt Ltd. (Transferor Company - 2), and M/s. A-One Steels India Ltd. (Transferee Company). The bench comprised Shri Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri Sanjay Puri, Hon'ble Member (Technical).
Multiple parties were represented during the hearing: Mr. Ganapathi Bhat (PCS) for the Petitioner companies, Ms. Kusum Yadav (Deputy Director) from the Regional Director office, Mr. Deowrat V Meeshram (Assistant Liquidator) from the Official Liquidator office, and Ms. Rakshitha (Counsel) for the Income Tax Department. For IA (CA) 150/2026, Dr. SV Rama Krishna appeared as counsel for the Applicant while Mr. Ganapathi Bhat represented Respondents No. 1 and 2.
The tribunal noted that a counter had already been filed in IA (CA) 150/2026 and directed that any rejoinder be filed within three days.
Final Outcome
The NCLT Hyderabad Bench adjourned both matters to October 15, 2026 for further hearing. No substantive decisions on the merger scheme were made in this hearing.
Topics: NCLT Proceedings, Company Merger, Scheme of Arrangement