Authority: National Company Law Tribunal (NCLT), Kochi Bench
Order Date: 15 June 2026
Case Overview
This is an order from the NCLT Kochi Bench concerning an Interlocutory Application (IA) filed in an ongoing Corporate Insolvency Process. The application, numbered IA(IBC)/123/KOB/2026, was filed within the main petition CP(IBC)/54/KOB/2022. The applicants are Mathew Joseph & Another, represented by their Power of Attorney holder, Xavier Mathew. The sole respondent is Sreenivasan PR, who is the Liquidator of Asten Realtors Private Limited. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Regulation 33(2) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
During the hearing, the counsel for the applicants, Ms. Sreelekshmi Ben, appeared physically. The counsel for the respondent liquidator, Mr. Vinod P V, appeared virtually. The applicants' counsel informed the Bench that the application had been filed but was currently with the Registry under scrutiny. She subsequently sought an adjournment for the matter.
Final Outcome
The two-member Bench, comprising Member (Judicial) Shri Vinay Goel and Member (Technical) Shri Ravichandran Ramasamy, granted the adjournment. The Bench directed the applicants' counsel to cure any defects that may have been pointed out by the Registry in the filed application so that the matter could be taken up expeditiously. The case was adjourned to 22 June 2026 for the next hearing.
Topics: NCLT, Insolvency, Adjournment