Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: 19 June 2026
Case Overview
This proceeding, CP (CAA) No.09/230/HDB/2026 connected to CA (CAA) No.06/230/HDB/2026, was filed under Section 230 of the Companies Act, 2013. It concerns a composite scheme of arrangement involving Nakoda Chemicals Limited (the Demerged/Transferee Company), S.V. Organics Pvt Ltd (the Transferor Company), and Clofot Solutions and Services Pvt Ltd (the Resulting Company). The hearing was conducted in a hybrid mode (VC and Physical) on 19th June 2026 at 10:30 AM before a bench comprising Shri Rajeev Bhardwaj, Hon'ble Member (Judicial), and Shri Sanjay Puri, Hon'ble Member (Technical). The final report in the matter was filed and taken on record.
Final Outcome
The bench heard the representations and reserved its orders on the approval of the scheme. The matter is now pending a final decision from the tribunal.
Topics: Corporate Restructuring, NCLT Proceeding