Authority: National Company Law Tribunal Kochi Bench
Order Date: 14 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Kochi Bench, comprising Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy, heard proceedings in petition number CP(IB)/14/KOB/2026. The petition was filed by The South Indian Bank Ltd against respondent Elizabeth Thomas under Section 95 of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of NCLT Rules.
Representation included Mr. A Kevin Thomas appearing virtually for the petitioner bank, Mr. Pranoy Harilal appearing virtually for the respondent, and Mr. Amrith appearing physically for the Resolution Professional. The Resolution Professional, Mr. Jasin Jose, was present personally through virtual mode.
The Resolution Professional filed a report which was taken on record by the tribunal. The petitioner's counsel was directed to supply a copy of the application along with the report to the respondent's counsel during the course of the day, if not already supplied.
The respondent's counsel requested additional time to file reply affidavit/objections. The tribunal granted 72 hours instead of the standard 48 hours for filing the reply affidavit, with a copy to be provided to the other side. The bench emphasized that "time is of the essence in proceedings under the Insolvency and Bankruptcy Code, 2016" and expected both sides to extend full cooperation for expeditious disposal of the matter.
Final Outcome
The case was adjourned to 20 July 2026 for further proceedings. The interim outcome maintains the petition's active status while allowing the respondent additional time to prepare their defense.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjudication