Authority: National Company Law Tribunal Kochi Bench (Shri Vinay Goel, Member (Judicial) and Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 15 June 2026
Case Overview
The matter concerns Execution Petition No. 3/KOB/2024, which originates from Company Petition No. CP/125/KOB/2019. The petitioners are Rajkumar Gupta and Another, while the respondents are RBG Retail Private Limited and six others. The current hearing was for an Interlocutory Application (IA(C/ACT)/9/KOB/2026) filed within the execution proceedings. Learned Counsel Mr. Akhil Suresh appeared virtually for the applicants. Learned Representing Counsel Mr. Naveen appeared physically for Respondents 1, 2, 3, and 5 (RBG Retail Private Limited is presumed to be one of these). No representation was noted for the other respondents.
Both parties jointly informed the tribunal that a related matter concerning this case is pending before the Hon'ble High Court of Kerala, which has been reserved for orders. Based on this, they collectively requested a long adjournment of the NCLT proceedings.
Final Outcome
The NCLT Kochi Bench granted the joint request for a long adjournment. Consequently, both the Interlocutory Application (IA(C/ACT)/9/KOB/2026) and the main Execution Petition (EP/3/KOB/2024) have been adjourned to 19 August 2026. The order specifies that the parties retain the liberty to file an application for preponement (an earlier hearing date) if the need arises.
Topics: NCLT, Execution Proceeding, Adjournment