Raja Bahadur International Limited has issued a formal denial and legal notice regarding false information published on the scanx.trade portal operated by Raise Securities Private Limited.

Specific False Claims Refuted

The company categorically denies the following specific false statements published on scanx.trade:

  • That Raja Bahadur International had initiated Pre-Packaged Insolvency Process (PPIRP) under Section 54C of IBC
  • That NCLT Mumbai Bench approved a Resolution Plan on July 10, 2026 under Section 54L read with Section 31 of IBC
  • That the company is implementing a Resolution Plan including capital restructuring and reduction
  • That the company reported Q1FY27 standalone net loss of ₹18.85 lakh (down from ₹24.30 lakh YoY)
  • That revenue rose 11.7% to ₹45.43 lakh in Q1FY27
  • That current liabilities are 4.04 times current assets
  • That material uncertainty exists regarding going concern status

Company's Actual Position

The company states on record that:

  • No application has ever been made by or against the company for insolvency before NCLT
  • No Resolution Plan concerning the company has ever been prepared, submitted, considered, approved or implemented
  • No Interim Resolution Professional, Resolution Professional, Committee of Creditors or moratorium has ever been appointed
  • The company is and has always been a going concern discharging obligations in ordinary course of business
  • Management and control remain entirely with the Board of Directors

Legal Action Taken

The company has issued a legal notice to Raise Securities Private Limited (owners of scanx.trade) demanding within 7 days:

  • Immediate removal and permanent deletion of all false content from all platforms
  • Publication of unconditional retraction and apology with 30-day prominence
  • Issuance of corrigendum to all syndication partners and licensees
  • Disclosure of the source of the false information and authorship details
  • Preservation of all records and communications related to the publication
  • Payment of costs incidental to the notice

Impact Assessment

The company states the false publication has caused:

  • Damage to corporate reputation and creditworthiness
  • Alarm among shareholders and investors
  • Potential depression of securities prices
  • Impaired ability to transact in real estate business

Shareholder Advisory

The company explicitly advises shareholders, stakeholders and the general public not to trust, rely on, or circulate the baseless statements and data.

Enforcement Warning

The company reserves right to initiate:

  • Civil proceedings for defamation damages and mandatory injunction
  • Criminal proceedings under Bharatiya Nyaya Sanhita, 2023
  • SEBI complaints regarding intermediary registration
  • Complaints to BSE Limited and other regulatory bodies