Catalytic asymmetric C3-indolylation of N-protected spiro-epoxyoxindoles has been developed for the access of 3-(3-indolyl)-oxindole methanols with excellent enantioselectivity (ee up to > 99%). The widespread substrate scope and easily accessible Co(III)-salen over 1,1'-Spirobiindane-7,7'-diol phosphoric acid prove our condition to be more beneficial than the chiral Brønsted acid-catalyzed reaction. Further, kinetic resolution of spiro-epoxides is achieved in high enantiomeric excess under certain conditions. The detailed mechanistic study endorses that the feedback inhibition played a key role which restricts the dynamic kinetic resolution process. Besides it also revealed the S N 2' mechanism for the Co(III)-salen catalysed C3-indolylation of spiro-epoxyoxindoles.