Authority: National Company Law Tribunal, Kochi Bench
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench, comprising Member (Judicial) Shri Vinay Goel and Member (Technical) Shri Ravichandran Ramasamy, heard two interlocutory applications (IAs) in the main insolvency petition CP(IBC)/38/KOB/2023 involving Jomer Properties and Investments Private Limited. The applications were IA(IBC)/7/KOB/2025 and IA(IBC)/24/KOB/2025, both filed by the Resolution Professional (RP) Kizhakkekara Kuriakose Jose. The matter involves allegations under Section 43 of the Insolvency and Bankruptcy Code (IBC) and Regulation 35(A) of the IBBI regulations, typically pertaining to preferential transactions and the responsibilities of the resolution professional.
For IA(IBC)/7/KOB/2025, learned counsel Mr. Sankar P Panicker appeared for the Applicant/RP via virtual mode. The respondents (MM Jose and Another) had already been proceeded against ex-parte as per an earlier order. The bench adjourned this application to 02 July 2026.
For IA(IBC)/24/KOB/2025, Mr. Sankar P Panicker again appeared for the Applicant/RP virtually. Learned counsel Ms. Sruthy Devan appeared on behalf of Respondent No. 6 (R6) virtually. Respondents 1 to 5 and 7 (R1 to R5 & R7) had already been set ex-parte vide an earlier order. This application was also adjourned to 02 July 2026.
Final Outcome
The NCLT Kochi Bench adjourned both interlocutory applications in the Jomer Properties insolvency matter to 02 July 2026. No substantive orders were passed on the merits of the applications during this hearing. The practical consequence is a continuation of the proceedings and a delay in the resolution process.
Topics: Insolvency Proceeding, NCLT Adjournment, Corporate Legal Dispute