Kanakia Group Seeks NCLT Nod to Demerge Real Estate Arm.

Mumbai-based Kanakia Group has approached the National Company Law Tribunal (NCLT) in Mumbai to seek approval for the demerger of its real estate units—Kanakia Spaces Realty Pvt Ltd and Transparent Developers Pvt Ltd. The move is part of a strategic restructuring aimed at separating its real estate division from other businesses to streamline operations and attract investors. The group’s legal counsel told the tribunal that the demerger would enhance operational and financial flexibility, particularly in raising capital. The NCLT bench, comprising Justice V.G. Bisht and technical member Prabhat Kumar, has directed the companies to submit key documents, including details of contingent liabilities, ongoing legal proceedings, and specifics of letters of credit. Most unsecured creditors have consented to the scheme. Such demergers are increasingly common in India, allowing companies to unlock value and offer a clearer financial outlook to investors for better capital allocation and valuations.