Corporate Action1 Sept 2026, 06:40 pm
NCLT admits L&T-L&T Realty Properties Scheme of Arrangement
AI Summary
The National Company Law Tribunal (NCLT) has admitted the Joint Company Scheme Petition for a Scheme of Arrangement between Larsen & Toubro Limited (L&T) and L&T Realty Properties Limited (LTRPL). The NCLT's order, dated August 18, 2026 (uploaded September 1, 2026), seeks sanction for the Scheme under Sections 230 to 232 of the Companies Act, 2013. A hearing for the petition has been scheduled for Tuesday, October 6, 2026. This follows a first motion order on June 12, 2026, which directed meetings of equity shareholders and notices to creditors, both of which have been completed. The process also involves sending notices to various statutory authorities for their representations.
Key Highlights
- NCLT admitted the Scheme of Arrangement petition for L&T and LTRPL.
- The petition seeks sanction under Sections 230-232 of Companies Act, 2013.
- A hearing for the petition is scheduled for October 6, 2026.
- Notices were sent to shareholders, creditors, and statutory authorities.
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