# In the matter of Crown Alba Writing Instruments India Private Limited

> NCLT judgment dated 2025-07-08. Citation: TCN-2025-NCLT-01058. The case involves an application (IA No. 475/2023) filed by the Liquidator, Shravan Kumar…

- **Court:** NCLT
- **Order date:** 8 Jul 2025
- **Citation:** TCN-2025-NCLT-01058
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-allahabad/crown-alba-writing-instruments-india-private-limited-9cd3e64e

## Summary

### Background

The case involves an application (IA No. 475/2023) filed by the Liquidator, Shravan Kumar Vishnoi, seeking an extension of the liquidation period for Crown Alba Writing Instruments India Private Limited. The Corporate Insolvency Resolution Process (CIRP) was initiated by an Operational Creditor, Bhansali Engineering and Polymers Limited, under Section 9 of the IBC, 2016. The CIRP was admitted on 05.05.2018, and the applicant was appointed as Resolution Professional and later as Liquidator.

## Facts

The application is filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 44 of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.

The Corporate Insolvency Resolution Process (CIRP) was initiated by the Operational Creditor under Section 9 of the IBC, 2016 and was admitted on 05.05.2018.

The Applicant was appointed as Resolution Professional in replacement of IRP by Tribunal order dated 08.08.2018.

CA No. 49/2019 filed under Section 33 of the IBC, 2016 was allowed on 15.07.2019, and the Applicant was appointed as Liquidator.

Assets of the Corporate Debtor were illegally attached by the Directorate of Enforcement, and IA No. 102/2019 was filed for direction to release the attached assets.

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## Issues and analysis

### Issue 1: Whether the extension of the liquidation period should be granted considering the pending …

**Ratio:** The Tribunal can grant an extension of the liquidation period if there is justifiable

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**Reasoning:** The Tribunal considered the pending litigations, attachment of assets by the Directorate

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**Interpretation:** Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Regulation

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**Application:** The Tribunal allowed the application for extension of the liquidation period,

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## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Shravan Kumar…
- **Respondents:** Crown Alba…
- **Other parties:** Bank of B…; Bhansali Engineeri…
- **Advocates:** Vipin Kumar…

## Timeline

- **2018-05-05 — CIRP Init…**: Corporate Insolvency Resolution…
- **2018-08-08 — Appointment…**: Applicant was appointed as…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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