NCLT Adjourns Raiz Insolvency Hearing to June 25

Authority: National Company Law Tribunal, Kochi Bench

Order Date: 11 June 2026

Case Overview

This is an order from the National Company Law Tribunal (NCLT) Kochi Bench, comprising Shri Vinay Goel (Member Judicial) and Shri Ravichandran Ramasamy (Member Technical). The matter pertains to an interlocutory application (IA(IBC)/192/KOB/2026) filed within the main insolvency petition (CP(IBC)/31/KOB/2023) under Section 112 of the Insolvency and Bankruptcy Code (IBC) read with Rule 11 of the NCLT Rules. The parties involved are Rajesh Ramnani, who is the Resolution Professional (RP) in the matter of Raiz, and a respondent named Basheerudin.

Final Outcome

The Tribunal noted that no one appeared on behalf of the applicant during the hearing. In the interest of justice, the Bench adjourned the case and rescheduled the next hearing for 25 June 2026, awaiting the presence of a representative on behalf of the applicant.

Topics: Insolvency Proceeding, NCLT, Adjournment