Authority: National Company Law Tribunal Kochi Bench (Shri Vinay Goel, Member (Judicial) and Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 09 June 2026
Case Overview
This interim application (IA(IBC)/126/KOB/2026) arises from the main insolvency proceeding CP(IBC)/39/KOB/2023 between FACT (Fertilisers and Chemicals Travancore Limited) and RCF Building Products Ltd. The applicant is represented by Mohd Nazim Khan, Chairman of the Monitoring Committee of RCF Building Products Ltd, while the respondent FACT is represented by the law firm Menon & Pai. During partial arguments, the Tribunal observed scope for exploring a settlement between the parties. The applicant expressed intention to place a settlement proposal before the respondent.
Final Outcome
The NCLT Kochi Bench adjourned the case to 24 June 2026 to allow for settlement exploration. The applicant may submit a formal proposal to the respondent within five days from the order date (by 14 June 2026). Upon receipt, the respondent may consider the proposal according to its own procedures and protocols. The Tribunal explicitly clarified that this order does not constitute any direction to either accept or reject such proposal and will have no bearing on the merits of the case.
Topics: Insolvency Proceeding, Settlement Exploration, Corporate Dispute