# P.D. Vincent, Resolution Professional of Kerala Housing Finance Limited vs. State of Kerala & Ors.

> HC judgment dated 2026-09-22. Citation: TCN-2026-HC-00057. P.D. Vincent, acting as the Resolution Professional (RP) for Kerala Housing Finance Limited (KHFL),…

- **Court:** HC
- **Order date:** 22 Sept 2026
- **Citation:** TCN-2026-HC-00057
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/high-courts-ernakulam-bench/p-d-vincent-rp-of-kerala-housing-finance-limited-vs-sta-04p5m

## Summary

### Background

P.D. Vincent, acting as the Resolution Professional (RP) for Kerala Housing Finance Limited (KHFL), filed a criminal writ petition seeking a stay on all pending coercive proceedings against him in his capacity as RP. These proceedings, listed under Exhibit P-4, are before various District Courts, including the 3rd Additional District Court Alappuzha, Principal District and Sessions Court Ernakulam, and 7th Additional District and Sessions Court Ernakulam. The Corporate Debtor in this context is Kerala Housing Finance Limited.

## Facts

P.D. Vincent is the Resolution Professional of Kerala Housing Finance Limited (KHFL).

Kerala Housing Finance Limited (KHFL) is the Corporate Debtor.

There are pending criminal proceedings against P.D. Vincent in his capacity as Interim Resolution Professional/Resolution Professional.

These pending proceedings are listed under Exhibit P-4.

The proceedings are before the 3rd Additional District Court Alappuzha, Principal District and Sessions Court Ernakulam, and 7th Additional District and Sessions Court Ernakulam.

P.D. Vincent filed a writ petition (criminal) seeking a stay on these pending proceedings.

The respondents include the State of Kerala, the Director General of Police, and the Competent Authority under the Banning of Unregulated Deposit Schemes Act, 2019.

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## Issues and analysis

### Issue 1: Whether the High Court should stay the pending criminal proceedings against P.D. Vincent in his …

**Ratio:** The High Court, in its writ jurisdiction, can grant interim relief by staying coercive

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**Reasoning:** The court considered the arguments presented by the petitioner's counsel and the Public

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**Interpretation:** This order reflects a judicial inclination to safeguard the functioning of an

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**Application:** The High Court applied its inherent powers under a criminal writ petition to

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## Parties

- **Judges:** G.GIR…
- **Appellants:** P.D. VINCENT,…; P.D.Vin…
- **Respondents:** Kerala Housing…; STATE OF…; +2 more
- **Advocates:** M/S. D.R…; P.V.VINOD…; +3 more

## Timeline

- **2026-09-22 — Writ Petition Filed and…**: The High Court heard the writ petition (criminal) filed by P.D. Vincent and passed an…
- **2026-10-26 — Next Hearin…**: The case was posted for further hearing and…

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