Authority: National Company Law Tribunal (NCLT), Kochi Bench
Order Date: 29 June 2026
Case Overview
This order pertains to two Interlocutory Applications (IAs) filed in the main insolvency petition CP(IB)/01/KOB/2021. The matter involves M/S Buildwell Successful Resolution Applicant (SRA) & Another as petitioners versus Parvathy J & 2 Others as respondents. The specific IAs being heard were IA(IBC)/236/KOB/2024 and IA(IBC)/534/KOB/2024. The counsel for Respondent 1 (R1) and the applicant, respectively, apprised the NCLT Bench that proceedings are pending before the Hon'ble High Court of Kerala. The High Court has granted interim protections which have a direct bearing on the matter before the NCLT.
Final Outcome
The NCLT Kochi Bench, comprising Member (Judicial) Shri Vinay Goel and Member (Technical) Shri Ravichandran Ramasamy, granted a long adjournment at the request of the appearing counsel. Both IAs have been adjourned to 05.08.2026. The parties involved retain the liberty to file an application for preponement of the hearing date if the need arises.
Topics: Insolvency Proceeding, Adjournment, High Court Stay