Authority: National Company Law Tribunal Kochi Bench (Shri Vinay Goel, Member (Judicial) and Shri Ravichandran Ramasamy, Member (Technical))
Order Date: 13 July 2026
Case Overview
The Operational Creditor, M/s Raychem RPG Pvt Ltd, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against the Corporate Debtor, M/s Soura Natural Energy Solutions India Pvt Ltd. The petition seeks initiation of Corporate Insolvency Resolution Process (CIRP). Learned Counsel Mr. Thomas P Kuruvilla appeared physically on behalf of the petitioner. The tribunal noted that the IBC, 2016 mandates a 14-day timeline for deciding Section 9 applications at this stage.
The tribunal issued specific directions regarding service of notice. The petitioner's counsel was directed to take necessary steps to serve notice along with a copy of the petition and all annexures to the respondent through registered post and all available modes. The counsel must file an affidavit of service, failing which they would be liable to pay a cost of Rs. 5,000 (Rupees Five Thousand only) to be deposited into the National Defence Fund. The Registry was also directed to send notice to the respondent through email on the same day (13 July 2026).
Final Outcome
The case has been adjourned to 16 July 2026. The matter remains pending before the NCLT Kochi Bench, with the next hearing scheduled for that date. The procedural directions regarding service of notice must be complied with before the next hearing.
Topics: Insolvency Petition, NCLT Proceedings, Corporate Debt