# Indian Bank (Erstwhile Allahabad Bank) vs. Yash Kirti Tours and Travels Pvt Ltd

> NCLT judgment dated 2026-09-28. Citation: TCN-2026-NCLT-01141. The liquidation of Yash Kirti Tours and Travels Private Limited commenced on 17.10.2023. The…

- **Court:** NCLT
- **Order date:** 28 Sept 2026
- **Citation:** TCN-2026-NCLT-01141
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/yashkirti-tours-and-travels-pvt-ltd-agtw0

## Summary

### Background

The liquidation of Yash Kirti Tours and Travels Private Limited commenced on 17.10.2023. The Liquidator subsequently filed an application for dissolution of the Corporate Debtor under Section 54 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 45 of the IBBI (Liquidation Process) Regulations, 2016, after completing the liquidation process.

## Facts

The liquidation of Yash Kirti Tours and Travels Private Limited commenced on 17.10.2023 pursuant to an order passed by the Tribunal in I.A./1004(AHM)2023 in C.P.(IB)/301(AHM)2022.

The Liquidator undertook the liquidation process and filed the Final Report, Compliance Certificate in Form-H, and other required reports.

Assets of the Corporate Debtor were identified, valued, and realized through the liquidation process, with proceeds accounted for and distributed as per the Code.

Rs. 7,60,257/- was realized from assets and distributed in accordance with Section 53 of the Code.

The liquidation process was extended from time to time, lastly up to 29.06.2026.

The Liquidator completed liquidation activities and closed the liquidation bank account on 20.08.2026.

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## Issues and analysis

### Issue 1: Whether the Corporate Debtor, M/s. Yashkirti Tours & Travels Private Limited, should be …

**Ratio:** The Corporate Debtor, M/s. Yashkirti Tours & Travels Private Limited, is dissolved

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**Reasoning:** The Liquidator completed the liquidation process, realized assets, distributed proceeds,

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**Interpretation:** Section 54(1) of the IBC mandates a Liquidator to apply for dissolution once

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**Application:** The application for dissolution filed by Mr. Suhas Dinkar Bhattbhatt,

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## Parties

- **Judges:** SHAMMI KHAN,…; SANJEEV SHARMA,…
- **Appellants:** Indian Bank…; Suhas Dinkar…
- **Respondents:** M/s. Yashkirti…; Yash Kirti Tours…
- **Other parties:** Stakeholders…; Punjab National…; +2 more
- **Advocates:** Mandeep Singh…; Kinjal Tr…; +1 more

## Timeline

- **2023-10-17 — Liquidation Com…**: Liquidation of the Corporate Debtor commenced pursuant to the Tribunal's order in…
- **2026-06-29 — Liquidation Period…**: The liquidation period was lastly extended up…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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