S. Retnakar vs Muttom Service Co-oprerative Bank Ltd. Advocate - JOJI. K ANTONY — 100002/2023
Case under Insolvency Act, 1956 (Kerala) Section 7. Disposed: Contested--ALLOWED on 27th March 2026.
OP(Insolvency) - ORIGINAL PETITION INSOLVENCY
CNR: KLAL100002682023
Filing Number
100191/2023
Filing Date
07-10-2023
Registration No
100002/2023
Registration Date
07-10-2023
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)
S. Retnakar
Adv. THOMAS JOSEPH
Respondent(s)
Muttom Service Co-oprerative Bank Ltd. Advocate - JOJI. K ANTONY
Cherthala Taluk Agricultural Credit Co-operative Society Ltd.
Cherthala Co-operative Agricultural Rural Development Bank Ltd.
Adv. Sivadasan N
Kerala State Co-operative Bank Ltd.
Adv. PRAMOD. R
Vijayakumar
Maharaja Paints and Hardwares
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
Summary The Sub Judge of Cherthala allowed S. Retnakar's petition for insolvency under Section 7 of the Insolvency Act, 1955, adjudging him as an insolvent with total liabilities of Rs. 20,71,860. The court found that the petitioner had established his inability to pay debts through credible testimony and that respondents failed to provide sufficient evidence of his claimed assets or income despite cross-examination. The Official Receiver was directed to take charge of any assets, including undivided shares, and the petitioner was permitted to apply for discharge within one year. This case analysis is maintained by casestatus.in based on publicly available court records.
Interim Orders
Summary The Sub Judge of Cherthala allowed S. Retnakar's petition for insolvency under Section 7 of the Insolvency Act, 1955, adjudging him as an insolvent with total liabilities of Rs. 20,71,860. The court found that the petitioner had established his inability to pay debts through credible testimony and that respondents failed to provide sufficient evidence of his claimed assets or income despite cross-examination. The Official Receiver was directed to take charge of any assets, including undivided shares, and the petitioner was permitted to apply for discharge within one year. This case analysis is maintained by casestatus.in based on publicly available court records.
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