NCLT Kochi Bench adjourns Section 9 insolvency petition filed by Planet Cast Media against Sathyadhara Communications.
Petitioner's counsel admits no board resolution was passed to initiate the insolvency process against the corporate debtor.
Tribunal directs petitioner to cure defects in the petition within 7 days, failing which consequences will follow.
Case adjourned to 24 July 2026 with emphasis on time-bound resolution as per IBC provisions.