Authority: National Company Law Tribunal, Kochi Bench (Shri Vinay Goel, Member (Judicial) and Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 17 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench heard two Interlocutory Applications (IAs) related to ongoing Corporate Insolvency Resolution Process (CIRP) proceedings. The main petition is CP(IBC)/54/KOB/2022 involving Asten Realtors Private Limited versus Trinex Rentals and Leasing Private Limited and two others. The specific applications heard were IA(IBC)/433/KOB/2025 (filed within IA(IBC)/380/KOB/2023) and IA(IBC)/434/KOB/2025 (filed within IA(IBC)/433/KOB/2025). The applicant in these proceedings is Sreenivasan PR, who is the Liquidator in the matter of Asten Realtors Private Limited. The respondents are Trinex Rentals and Leasing Private Limited and two others. The proceedings are being conducted under Section 424(3) of the Companies Act, 2013 read with Rule 56 of the NCLT Rules.
During the hearing, Ms. Anjali Nair appeared virtually as representing counsel on behalf of Learned Counsel Mr. Vinod P V for the applicant. There was no appearance on behalf of the respondents. Counsel for the applicant sought an adjournment in both applications.
Final Outcome
The NCLT Kochi Bench granted the adjournment and rescheduled both applications for hearing on July 2, 2026. The order was signed by both members of the bench: Shri Ravichandran Ramasamy (Member (Technical)) and Shri Vinay Goel (Member (Judicial)).
Topics: Insolvency Proceedings, Legal Adjournment