Muralidhar Sreedhara Pai vs Muttom Service Co-Operative Bank Ltd. Advocate - JOJI. K ANTONY — 100001/2023
Case under Insolvency Act, 1956 (Kerala) Section 7. Disposed: Contested--ALLOWED on 27th March 2026.
OP(Insolvency) - ORIGINAL PETITION INSOLVENCY
CNR: KLAL100002342023
Filing Number
100188/2023
Filing Date
04-10-2023
Registration No
100001/2023
Registration Date
04-10-2023
Court
Sub Court, Cherthala
Judge
1-Sub Judge and Asst.Sessions Judge, Cherthala
Decision Date
27th March 2026
Nature of Disposal
Contested--ALLOWED
Acts & Sections
Petitioner(s)
Muralidhar Sreedhara Pai
Adv. THOMAS JOSEPH
Respondent(s)
Muttom Service Co-Operative Bank Ltd. Advocate - JOJI. K ANTONY
Cherthala Taluk Agricultural Credit Co-operative Society Ltd.
Adv. JAYAKRISHNAN. T
Cherthala Co-operative Agricultural Rural Development Bank Ltd.
Adv. Sivadasan N
Canara Bank Ltd.
Adv. Jacob Joseph
State Bank of India
Adv. MARIADAS JOHN
Kerala State Co-operative Bank Ltd.
Adv. PRAMOD. R
Vijayakumar
Maharaja Paints and Hardwares
Shalimar Paints Ltd.
The State of Kerala
Hearing History
Judge: 1-Sub Judge and Asst.Sessions Judge, Cherthala
Disposed
Order/ Judgement
Order/Judgement
For further hearing
FOR HEARING
| Date | Purpose |
|---|---|
| 27-03-2026 | Disposed |
| 26-03-2026 | Order/ Judgement |
| 25-03-2026 | Order/Judgement |
| 24-03-2026 | For further hearing |
| 23-03-2026 | FOR HEARING |
Final Orders / Judgements
The Sub Judge's court adjudged Muralidhar Sreedhara Pai as an insolvent under Section 7 of the Insolvency Act, 1955, finding that he had total liabilities of Rs. 27,07,809/- which he was unable to pay due to business failure. The court rejected the respondent banks' objections that he had undisclosed assets and income, noting that the petitioner had satisfied all statutory requirements under Section 10 of the Act and had committed an act of insolvency under Section 6(f) by filing the petition himself. This case analysis is maintained by casestatus.in based on publicly available court records.
Interim Orders
The Sub Judge's court adjudged Muralidhar Sreedhara Pai as an insolvent under Section 7 of the Insolvency Act, 1955, finding that he had total liabilities of Rs. 27,07,809/- which he was unable to pay due to business failure. The court rejected the respondent banks' objections that he had undisclosed assets and income, noting that the petitioner had satisfied all statutory requirements under Section 10 of the Act and had committed an act of insolvency under Section 6(f) by filing the petition himself. This case analysis is maintained by casestatus.in based on publicly available court records.
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