Authority: National Company Law Tribunal, Kochi Bench
Order Date: 11 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 Interlocutory Application No. IA(IBC)/133/KOB/2026 in the main petition CP(IB)/23/KOB/2024. The application was filed under Section 60(5)(c) of the Insolvency and Bankruptcy Code (IBC) read with Rule 11 of the NCLT Rules. The parties involved are the Resolution Professional (RP), Mr. P.T. Joy, in the matter of Kumarakom Aqua Serene Private Limited, versus the Committee of Creditors (CoC) represented by the Kerala State Industrial Development Corporation (KSIDC).
Final Outcome
The Bench adjourned the hearing of the application to June 25, 2026. The order records the appearance of learned counsel Mr. Sankar P Panicker (appearing virtually) for the Applicant/RP, and the physical appearance of learned counsel Mr. Akhil Suresh on behalf of the Respondent/KSIDC. The RP, Mr. P.T. Joy, was present in person through virtual mode.
Topics: Corporate Insolvency, NCLT Proceeding