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 proceedings under Sections 230-232 of the Companies Act, 2013 involving three corporate entities: Track & Tower Infratech Pvt Ltd (Demerged Company/Applicant Company 1), RK Estates And Holdings Pvt Ltd (Transferor Company/Applicant Company 2), and Appasani Estates Pvt Ltd (Transferee Company/Resulting Company). The First Motion Petition order was previously passed on 12 March 2026 in CA (CAA) No.08/230/HDB/2026, which dispensed with meetings for equity shareholders of the Demerged Company, equity shareholders/preference shareholders/unsecured creditors of the Transferor Company, and equity shareholders/preference shareholders of the Transferee Company.
A meeting of secured and unsecured creditors of the Demerged Company (Track & Tower Infratech Pvt Ltd) was held on 23 April 2026 at 11:00 AM at 8-2-293/82/A/J/III, Plot No. 206, Road No. 76, Jubilee Hills, Hyderabad-500033, Telangana, India. The chairman's report dated 27 April 2026 approving the scheme has been placed on record along with minutes of the meeting.
The tribunal, comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri, heard learned counsel Mr. Shaik Gouse along with Mr. Y. Uday Chandra, PCS for the petitioners.
Final Outcome
The tribunal directed the petitioners to issue notices in Form CAA.3 to all statutory authorities specified under Section 230(5) of the Companies Act, 2013 and Rule 8 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. Specific directions include:
- Notice to the Central Government through the Ministry of Corporate Affairs to jurisdictional Regional Directors
- Notice to the Regional Director, South Eastern Region, Hyderabad via email: rd.ser@mcl.gov.in
- Notice to the Registrar of Companies, Hyderabad via email: roc.hyderabad@mca.gov.in
- Notice to the Official Liquidator via email: ol-hyderabad-mca@nic.in
- Notice to the Income Tax Authorities via email: hyderabad.pccit@incometax.gov.in
- Notice to other statutory/sectoral regulators as applicable
The tribunal also directed publication of notice in one English and one vernacular daily newspaper as per Rule 7 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, with proof of service and publication to be filed via affidavit.
All authorities receiving notice must file any representations within 30 days of receipt. If no representation is received, it will be presumed that they have no objection to the proposed scheme.
The matter has been listed for next hearing on 31 July 2026.
Topics: Corporate Restructuring, Regulatory Compliance