South Indian Bank Insolvency Petition Adjourned to July 14

Authority: National Company Law Tribunal (NCLT), Kochi Bench

Order Date: 13 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 proceedings in Petition No. CP(IB)/12/KOB/2026. The petition was filed by The South Indian Bank Ltd. as the Financial Creditor against respondent Thomas J Vayalat. The petition is an insolvency resolution process application filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), read with Rule 11 of the NCLT Rules. The petitioner was represented by Advocate A Kevin Thomas. During the hearing, the counsel for the Resolution Professional (RP) submitted that a report had already been filed but was lying with the Registry.

Final Outcome

The Tribunal directed the counsel for the Resolution Professional to cure any defects in the filed report during the course of the day. The case was adjourned at the request of the parties and is now listed for the next hearing on 14 July 2026. No final ruling on the merits of the insolvency petition was issued in this order.

Topics: Insolvency, Banking