Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 09.10.2026
Case Overview
The National Company Law Tribunal, Hyderabad Bench II heard a petition filed under Section 230 of the Companies Act, 2013, involving corporate restructuring through a demerger arrangement. The petition involves three corporate entities: Tracks & Towers Infratech Pvt Ltd (designated as Demerged Company 1), RK Estates And Holdings Pvt Ltd (designated as Transferor Company 2), and Appasani Estates Pvt Ltd (designated as Resulting Company).
The hearing was conducted in virtual and physical (hybrid) mode on October 9, 2026, at 10:30 AM. The bench comprised Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. Representation included Mr. Shaik Gouse, Learned Counsel along with Mr. Y. Uday Chandra, PCS for the petitioners; Smt Kusum Yadav, Deputy Director from the Regional Director office; Mr. Deowarat Vasantrao Meshram, Assistant Official Liquidator from the Official Liquidator office; and Ms. Rakshitha, Learned Counsel for the Income Tax Department.
Final Outcome
After hearing all parties present, the bench reserved the matter for orders. No final decision or ruling was issued during this hearing, and the outcome of the demerger petition remains pending until the tribunal delivers its final order.
Topics: Corporate Restructuring, NCLT Proceedings