Authority: National Company Law Tribunal (NCLT), Kochi Bench
Order Date: 11 June 2026
Case Overview
This order pertains to an Interlocutory Application (IA) numbered IA(IBC)/122/KOB/2026, filed within the main Company Petition CP(IBC)/29/KOB/2022. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 11 of the NCLT Rules. The petitioners are Devassy Kutty C R and 23 others, and the respondent is K K Jose, the Liquidator. The matter concerns M/s Vysali Pharmaceuticals Ltd, which is under liquidation.
Final Outcome
The bench, comprising Member (Judicial) Shri Vinay Goel and Member (Technical) Shri Ravichandran Ramasamy, adjourned the hearing. The counsel for the applicants, Mr. M A Shaji, appeared physically. The liquidator, Mr. K K Jose, and his counsel, Mr. Vinod P V, appeared through virtual mode. The case was adjourned at the request of the parties and is now listed for the next hearing on 24 June 2026. No substantive decisions or observations on the merits of the application were recorded in this order.
Topics: NCLT, Corporate Insolvency, Liquidation