Authority: National Company Law Tribunal (NCLT), Kochi Bench
Order Date: 29 June 2026
Case Overview
This is an order from the NCLT Kochi Bench concerning an Interim Application (IA) filed in the ongoing insolvency proceeding of M/s Raihan Health Care Pvt Ltd. The application, numbered IA(IBC)/248/KOB/2025, is filed in the main petition IBA/240/2019/CB. The matter is being heard by a bench comprising Shri Vinay Goel, Member (Judicial), and Shri Ravichandran Ramasamy, Member (Technical). The applicant is the Liquidator of the corporate debtor, Raihan Health Care Pvt Ltd., represented by counsel Mr. AG Satyanarayana. The respondent in the matter is Union Bank of India, represented by counsel Ms. Asmaa from NVS & Associates. The application is filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules.
The hearing on 29 June 2026 was procedural. Counsel for both parties appeared virtually. The Tribunal did not adjudicate on the merits of the application but issued directions for the next steps.
Final Outcome
The Tribunal adjourned the hearing and listed the case for the next hearing on 03.07.2026. Both parties were directed to file their written submissions along with any case laws they wish to rely upon within 48 hours of the order date (i.e., by 01 July 2026). The order was signed by both members of the bench.
Topics: Corporate Insolvency, NCLT Proceeding