NCLT Kochi Adjourns Furnace Fabrica IA to June 30

Authority: National Company Law Tribunal (NCLT), Kochi Bench

Order Date: 12 June 2026

Case Overview

The National Company Law Tribunal (NCLT), Kochi Bench, comprising Shri Vinay Goel (Member Judicial) and Shri Ravichandran Ramasamy (Member Technical), heard an Interlocutory Application (IA) numbered IA(IBC)/47/KOB/2025. This application was filed within the main Company Petition CP(IBC)/12/KOB/2023. The proceedings involve the corporate insolvency resolution process of Furnace Fabrica (India) Limited, with the Resolution Professional, Alok Kumar Agarwal, as the applicant. The respondents are Devkrupa Corporation and 23 others. The application was filed under Sections 66 and 45 of the Insolvency and Bankruptcy Code, 2016 (IBC).

During the hearing, the counsel for the applicant, Mr. Pulkitesh Dutt Tiwari (appearing virtually), requested an adjournment. The reason cited was to allow time for filing a substitution application. Counsel Mr. Akhil Suresh appeared physically on behalf of respondents 15, 21, 22, and 23.

Final Outcome

The bench granted the request for an adjournment. The matter has been rescheduled for the next hearing on 30 June 2026.

Topics: Insolvency Proceeding, NCLT, Adjournment