# In the matter of Alexandira Services (India) Private Limited CP (IB) No. 239-59 of IBC-HDB-2020

> NCLT judgment dated 2020-09-10. Citation: TCN-2020-NCLT-00652. The case pertains to the voluntary liquidation of Alexandria Services (India) Private Limited…

- **Court:** NCLT
- **Order date:** 10 Sept 2020
- **Citation:** TCN-2020-NCLT-00652
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/alexandira-services-india-private-limited-cp-ib-no-239-59-of-ibc-hdb-2020-46e05acc

## Summary

### Background

The case pertains to the voluntary liquidation of Alexandria Services (India) Private Limited under Section 59 of the Insolvency and Bankruptcy Code (IBC), 2016. The company, incorporated in 2011, provided facility management and consultancy services. The Board of Directors resolved to liquidate the company voluntarily, and Mr. Raghu Babu Gunturu was appointed as the liquidator. The liquidator followed the procedures prescribed under the IBC and IBBI regulations, including making public announcements, opening a liquidation bank account, and conducting contributories meetings. The liquidator distributed the proceeds to the members of the company and prepared a final report.

## Facts

Alexandria Services (India) Private Limited was incorporated on 2011-12-14. The company's objective was to provide facility management and consultancy services. The Board of Directors decided to liquidate the company voluntarily, and a special resolution was passed on 2018-01-22. Mr. Raghu Babu Gunturu was appointed as the liquidator. The liquidator made public announcements in newspapers and on the IBBI website, inviting claims from stakeholders. A new liquidation bank account was opened. The liquidator submitted a preliminary report and stated that the company had no tax liabilities. Two annual contributories meetings were conducted. The liquidator distributed the proceeds to ARE-Mauritius No.1 Limited and ARE-Mauritius No.4 Limited. The liquidator prepared a final

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## Issues and analysis

### Issue 1: Whether the Liquidator has complied with the provisions of Section 59 of Insolvency and Bankruptcy …

**Ratio:** Section 59 of the Insolvency and Bankruptcy Code, 2016 and Regulation 3 of the IBBI

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**Reasoning:** The Tribunal considered the declaration of solvency by the directors, the public

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**Interpretation:** The provisions of Section 59 and Regulation 3 are interpreted to ensure that

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**Application:** The Tribunal found that the liquidator had complied with all the requirements

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## Parties

- **Judges:** Ratakonda…; Veera Brahma Rao…; +1 more
- **Respondents:** Alexandria…

## Timeline

- **2011-12-14 — Company Incor…**: Alexandria Services (India)…
- **2018-01-02 — Board Me…**: Board of Directors proposed to…

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