Tag
Ravichandran Ramasamy
5 articles
Ongoing insolvency proceedings in Kochi continue to face delays, reflecting challenges in corporate debt resolution within India. The NCLT Kochi Bench has adjourned hearings for multiple cases, including those involving Asten Realtors, Wayanad Lagoons, Indus Motor Company, and Roofco Trading, citing the need for defect curing, completion of pleadings, and evaluation of resolution plans. A 90-day extension was specifically granted for Roofco Trading's Corporate Insolvency Resolution Process, highlighting the complexities and time required to navigate these proceedings. These repeated adjournments suggest potential hurdles in resolving distressed assets and could impact the timelines for creditors to recover dues, underscoring the need for streamlined insolvency processes.
NCLT Kochi Adjourns Asten Realtors Liquidation Matter
NCLT Kochi Bench adjourns hearing to June 15, 2026, in a liquidation matter concerning Asten Realtors Private Limited.
Applicants' counsel seeks time to implead the successful bidder as a party to the
NCLT Kochi Adjourns Wayanad Lagoons Appeal to 18 June
NCLT Kochi Bench adjourns Company Appeal/4/KOB/2026 to 18 June 2026 for defect curing.
Appellant's counsel filed affidavit for newspaper notice compliance per NCLT Rule 35.
Registry noted defects in a
NCLT Kochi Adjourns Indus Motor Pleadings to July 2026
• NCLT Kochi Bench adjourned three interlocutory applications in a company petition to July 7, 2026.
• The bench expects parties including Indus Motor Company to complete their pleadings before the ne
NCLT Approves 90-Day CIRP Extension for Roofco Trading
NCLT Kochi Bench grants 90-day extension to Corporate Insolvency Resolution Process for Roofco Trading Company Pvt Ltd.
Extension from 31 May 2026 to 28 August 2026 approved due to ongoing evaluation
NCLT Kochi Adjourns Multiple Insolvency Applications
NCLT Kochi Bench adjourns five interconnected insolvency applications to June 2026 hearing dates.
Tribunal directs all parties to assist effectively in next hearing or face orders based on available r