Authority: National Company Law Tribunal, Kochi Bench
Order Date: 15 June 2026
Case Overview
The South Indian Bank Ltd filed a petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules, 2016 against Mr. Thomas J Vayalat, who is the personal guarantor of the corporate debtor M/s. Veeteejay Motors Pvt. Ltd. The petition seeks to initiate the insolvency resolution process against the personal guarantor. The petitioner's counsel, Mr. A Kevin Thomas, appeared virtually and requested an adjournment of the proceedings.
Final Outcome
The NCLT Kochi Bench, comprising Shri Vinay Goel (Member Judicial) and Shri Ravichandran Ramasamy (Member Technical), granted the adjournment request. The case has been rescheduled for hearing on 17 June 2026 for further proceedings.
Topics: Insolvency Proceedings, Personal Guarantor, Banking