Authority: National Company Law Tribunal (NCLT), Kochi Bench
Order Date: 16 July 2026
Case Overview
This order pertains to an Interlocutory Application (IA(IBC)/484/KOB/2025) filed within the main insolvency petition (CP(IB)/23/KOB/2024) against Kumarakom Aqua Serene Private Limited. The parties involved are the Resolution Professional (RP), Mr. PT Joy, and the respondents, Mr. VK Rajeev Vettor & Another. The advocates representing the parties are Mr. Sankar P Panicker for the petitioner/RP and Mr. Bijoy P Pulipra from Artis Law House for the respondents. The matter was listed for hearing on July 16, 2026.
A significant part of the order addresses a procedural error committed by the Tribunal's registry. It was noted that on July 7, 2026, a draft order was inadvertently uploaded instead of the final version. This error resulted in the next date of hearing being incorrectly shown as July 14, 2026, in the uploaded order, whereas the daily order sheet had correctly recorded it as July 16, 2026. The Tribunal rectified this error, clarifying that the correct next hearing date is July 16, 2026.
Furthermore, the Tribunal identified another error wherein directions concerning a Performance Guarantee were mistakenly incorporated into the order for this specific IA, while they were intended for a different, connected Interlocutory Application. The order was rectified to remove these misplaced directions.
Final Outcome
Upon the joint request of both parties, the hearing for IA(IBC)/484/KOB/2025 was adjourned to July 27, 2026. A separate liquidation-related application (IA(IBC)(LIQ)/5/KOB/2026) in the same main petition was also adjourned to the same date, July 27, 2026. The procedural errors from the July 7 order upload were officially rectified.
Topics: NCLT Proceeding, Procedural Adjournment, Order Rectification