The petitioners are thirty home buyers and allottees of a residential project named 'Skywings project' at Kakkanad and are financial creditors.

The petitioners initiated proceedings before the National Company Law Tribunal, Kochi Bench, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of corporate insolvency resolution.

The NCLT, Kochi, admitted the Section 7 application and declared a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016.

The NCLT declined to appoint Mr. Jasin Jose, the Insolvency Professional proposed by the petitioners, citing his involvement in multiple ongoing assignments.

The NCLT appointed Mr. Jossy Steephen Kattur from the IBBI panel as the Interim Resolution Professional.

The petitioners are thirty home buyers and allottees of a residential project named 'Skywings project' at Kakkanad and are financial creditors.

The petitioners initiated proceedings before the National Company Law Tribunal, Kochi Bench, under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of corporate insolvency resolution.

The NCLT, Kochi, admitted the Section 7 application and declared a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016.

The NCLT declined to appoint Mr. Jasin Jose, the Insolvency Professional proposed by the petitioners, citing his involvement in multiple ongoing assignments.

The NCLT appointed Mr. Jossy Steephen Kattur from the IBBI panel as the Interim Resolution Professional.