Authority: National Company Law Tribunal (NCLT), Kochi Bench
Order Date: 16 July 2026
Case Overview
The National Company Law Tribunal (NCLT), Kochi Bench, comprising Shri Vinay Goel (Member Judicial) and Shri Ravichandran Ramasamy (Member Technical), heard an insolvency petition. The petition, numbered CP(IBC)/58/KOB/2022, was filed by Union Bank of India, Chalai Bazar Branch, under Section 95(1) of the Insolvency and Bankruptcy Code (IBC) read with Section 7(2) of the AAA. The respondent in the case is Sahadulla Mohammed Illias. The petitioner bank was represented by its advocates, A S P Kurup, Sadchith P Kurup, C P Anil Raj, and Siva Suresh. The respondent was represented by advocates Sankar P Panicker and Gopika Gopinath. Both parties appeared for the hearing through virtual mode.
Final Outcome
The Bench adjourned the main petition (CP(IBC)/58/KOB/2022) along with all connected matters to 21 July 2026. This adjournment was ordered in view of a separate order passed on the same day in a connected interlocutory application, IA(IBC)/310/KOB/2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, Banking, NCLT