Authority: National Company Law Tribunal, Hyderabad Bench – II
Order Date: July 6, 2026
Case Overview
This matter concerns an application (IA (IBC)/960/2026) filed in the ongoing insolvency proceedings (CP (IB) No.192/10/HDB/2023) for Raine Industries And Engineering Pvt Ltd. The application was made under Section 10 of the Insolvency and Bankruptcy Code (IBC). The petitioner, Raine Industries And Engineering Pvt Ltd, sought an extension of the liquidation period by 180 days, effective from June 1, 2026. The hearing was conducted in a hybrid mode (VC and Physical) and was attended by the company's Learned Counsel, Mr. Shaik Gouse. The bench was composed of Shri. Rajeev Bhardwaj, Hon'ble Member (Judicial) and Shri. Sanjay Puri, Hon'ble Member (Technical).
Final Outcome
The tribunal allowed the application, granting the requested 180-day extension to the liquidation period effective from June 1, 2026. The application was disposed of accordingly following the submissions made by the company's counsel.
Topics: Corporate Insolvency, Liquidation Process, NCLT Order