Authority: National Company Law Tribunal, Kochi Bench (Shri Vinay Goel, Member (Judicial) and Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 22 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench heard two interim applications related to the liquidation proceedings of Sree Bhadra Parks & Resorts Ltd. The first application, IA(IBC)/79/KOB/2026, was filed by Phoenix ARC Private Limited under Section 60(5) of the Insolvency and Bankruptcy Code (IBC) read with Rule 11 of NCLT Rules. The applicant, Phoenix ARC Private Limited, is a secured financial creditor in the matter. The respondent is K Parameswaran Nair, the Liquidator of Sree Bhadra Parks & Resorts Ltd. Advocates Kevin Thomas and Nidhi Sam John represented the applicant, while Advocate Vinod P V appeared for the Liquidator/Respondent.
The second application heard was IA(IBC)(DIS)/1/KOB/2026 in the same main matter (IBA/13/KOB/2020).
Final Outcome
The NCLT Kochi Bench adjourned both applications to 6 July 2026. The adjournment for IA(IBC)/79/KOB/2026 was granted at the request of the Liquidator's counsel to present some matter before the SCC (Supreme Court of India). For IA(IBC)(DIS)/1/KOB/2026, the adjournment was granted at the request of the parties. No substantive orders were passed on the merits of either application.
Topics: NCLT Proceedings, Corporate Insolvency, Adjournment