Larsen & Toubro Limited has announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has admitted its petition concerning a Scheme of Arrangement. This scheme involves Larsen & Toubro Limited as the Transferor Company and L&T Realty Properties Limited as the Transferee Company. The NCLT has scheduled October 6, 2026, for the hearing to sanction the proposed arrangement, which is a key step in the ongoing corporate restructuring process.
NCLT Admits Scheme of Arrangement Petition
Larsen & Toubro Limited (L&T) has received significant approval from the National Company Law Tribunal (NCLT), Mumbai Bench. The Tribunal has formally admitted the Joint Company Scheme Petition filed in relation to the proposed Scheme of Arrangement between Larsen & Toubro Limited (Transferor Company) and L&T Realty Properties Limited (Transferee Company), along with their respective shareholders and creditors. This admission marks a crucial progression in the corporate restructuring process.
Key Dates and Next Steps
The petition was admitted by the Tribunal via an order dated August 18, 2026, which was subsequently uploaded on the NCLT website on September 1, 2026. Following this admission, the NCLT has scheduled the main hearing for the petition on Tuesday, October 6, 2026. The company has been actively proceeding with the requirements under Sections 230 to 232 of the Companies Act, 2013, and related rules, ensuring all procedural steps are followed leading up to the hearing.
Scheme Details and Regulatory Context
The Scheme of Arrangement is being undertaken under the provisions of the Companies Act, 2013, which govern compromises, arrangements, and amalgamations. The NCLT’s order to admit the petition signifies that the initial legal and procedural requirements for the scheme have been met, and the matter will now move towards a final decision on the sanctioning of the arrangement. Further details and the Tribunal’s order have been shared with relevant stakeholders for their records.
Source: BSE
