Authority: National Company Law Tribunal, Kochi Bench (Shri Vinay Goel, Member (Judicial) and Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench heard two interlocutory applications filed by Phoenix ARC Private Limited (the applicant) against Mr. K Parameswaran Nair, who is serving as the Liquidator of Sree Bhadra Parks & Resorts Ltd (the corporate debtor). The applications are numbered IA(IBC)/79/KOB/2026 and IA(IBC)(DIS)/1/KOB/2026 and are part of the main insolvency proceeding IBA/13/KOB/2020. The matter is being heard under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 11 of the NCLT Rules. The applicant, Phoenix ARC, was represented by proxy counsel for Mr. Kevin Thomas and Ms. Nidhi Sam John. The respondent liquidator was represented by Mr. Vinod P V.
Final Outcome
The counsel for the liquidator requested an adjournment in both applications. Granting the request, the NCLT Bench adjourned the hearing for both matters to 17 July 2026. The order was signed by both members of the bench.
Topics: NCLT Proceeding, Corporate Insolvency, Adjournment