Authority: National Company Law Tribunal (NCLT), Kochi Bench (Shri Vinay Goel, Member (Judicial) & Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 30 June 2026
Case Overview
This order pertains to a batch of over 35 Interlocutory Applications (IAs) filed in the main insolvency case of MIR Realtors Private Limited (IBA/11/KOB/2020). The liquidator for the company is Ms. Annie Abraham. The applications involve various parties, including the liquidator, homebuyers (represented by Counsel Mr. Mayur Jagtawat), land owners (represented by Counsel Mr. Akhil Suresh), and a representative of the corporate debtor, MIR Realtors Pvt. Ltd. (represented by Counsel Mr. Anil Abey). The principal matter is the corporate insolvency resolution process and subsequent liquidation of the real estate company. A key background issue is a matter pending before the Hon'ble High Court of Kerala, which has granted interim protection in a connected matter, restraining further proceedings in some of these applications.
Final Outcome
The tribunal adjourned all applications to future hearing dates. The primary adjournment was to 15 July 2026 for the majority of applications. One application (IA(IBC)/499/KOB/2025) was adjourned to 03 August 2026 at the liquidator's request. Two applications (IA(IBC)/364/KOB/2023 & IA(IBC)/403/KOB/2023) were adjourned to 05 August 2026 due to the High Court's interim order. For one application (IA(IBC)/107/KOB/2026), the applicant's counsel was granted ten days to file a rejoinder subject to payment of a cost of ₹5,000 to be deposited into the National Defence Fund. The tribunal also directed parties to complete pleadings before the next hearing and grouped applications seeking forensic examination to be heard together.
Topics: Insolvency Proceedings, Real Estate, Adjournment