Authority: National Company Law Tribunal Kochi Bench
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench, comprising Member (Judicial) Vinay Goel and Member (Technical) Ravichandran Ramasamy, heard proceedings in petition number CP(IB)/13/KOB/2026. The petition was filed under Section 95 of the Insolvency and Bankruptcy Code (IBC) read with Rule 11 of NCLT Rules by The South Indian Bank Ltd as financial creditor against respondent Joseph Thomas Vayalat. Counsel Mr. Ashwin appeared for the financial creditor via virtual mode, while Counsel Mr. Akhil Suresh appeared for the Resolution Professional (RP) via virtual mode.
During the hearing, counsel for the Resolution Professional submitted that a report had already been filed but was lying with the Registry. The Tribunal directed the RP's counsel to cure any defects in the filing during the course of the day.
Final Outcome
The case was adjourned to 14 July 2026 at the request of the parties to allow for curing of defects in the Resolution Professional's report.
Topics: Insolvency Proceeding, Banking, NCLT