Authority: National Company Law Tribunal Kochi Bench (Shri Vinay Goel, Member (Judicial) and Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 18 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench heard an Interlocutory Application (IA) numbered IA(IBC)/484/KOB/2025 in the main petition CP(IB)/23/KOB/2024. The application was filed under Sections 45 and 60(5)(c) of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Regulation 35(A) of the Insolvency and Bankruptcy Board of India (IBBI). The parties involved are Mr. PT Joy, the Resolution Professional (RP) for Kumarakom Aqua Serene Private Limited, versus respondents VK Rajeev Vettor and another. The petitioner's advocate was Mr. Sankar P Panicker, who appeared virtually along with the RP. The respondents were represented by their proxy counsel, Mr. Anandan R S from Artis Law House, who also appeared virtually.
Final Outcome
The proxy counsel for the respondents (R1 and R2) requested an adjournment on the grounds that their senior arguing counsel, Mr. Bijoy P Pulipra, was unwell and unable to appear on that day. The Tribunal granted the request and adjourned the matter. The case is now scheduled to be heard next on 02.07.2026.
Topics: Insolvency Proceeding, NCLT Adjournment