StockWatch
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Residential- Commercial Projects
Clarification9 Sept 2026, 05:30 pm

Raja Bahadur Denies Insolvency Claims, Threatens Legal Action

AI Summary

Raja Bahadur International Ltd. has issued a strong denial regarding false information published on scanx.trade concerning insolvency proceedings and Q1 FY27 results. The company categorically states it has not initiated any Pre-Packaged Insolvency Resolution Process or approached the National Company Law Tribunal (NCLT) for any insolvency-related matters. Raja Bahadur asserts that the financial results and data published on the portal are untrue and incorrect. The company is taking strict legal action against the agency responsible for these defamatory and misleading publications, warning shareholders and the public not to rely on the false statements.

Key Highlights

  • Company denies false claims of insolvency proceedings on scanx.trade.
  • Financial results and data on scanx.trade are stated as untrue.
  • No application filed with NCLT for insolvency or restructuring.
  • Strict legal action initiated against the publishing agency.
  • Shareholders advised not to rely on the misleading information.