Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 09-10-2026
Case Overview
The matter pertains to a petition filed under Section 230 of the Companies Act, 2013, for a proposed scheme of arrangement involving a demerger. The petitioners are M/s. Adivarah Infra Pvt Ltd. (Resulting Company 1) and M/s. Sitalakshmi Infra Pvt Ltd. (Resulting Company 2). The demerged company involved in the scheme is M/s. P L Raju Constructions Ltd. A hearing was conducted on 09-10-2026 in a virtual and physical (hybrid) mode. Representatives from various stakeholders were present, including learned senior counsel for the petitioners, a Deputy Director from the office of the Regional Director, an Assistant Liquidator from the Official Liquidator's office, and counsel representing the Income Tax Department.
Final Outcome
The Hon'ble Bench, comprising Shri. Rajeev Bhardwaj (Member - Judicial) and Shri. Sanjay Puri (Member - Technical), heard the submissions and has reserved the matter for passing orders. A final decision on the approval of the demerger scheme is pending.
Topics: Corporate Restructuring, NCLT Proceeding