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

> NCLT judgment dated 2020-09-10. Citation: TCN-2020-NCLT-00655. The case pertains to the voluntary liquidation of Alexandria Services (India) Private Limited…

- **Court:** NCLT
- **Order date:** 10 Sept 2020
- **Citation:** TCN-2020-NCLT-00655
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/alexandria-services-india-private-limited-cp-ib-no-239-59-of-ibc-hdb-2020-a76766f4

## Summary

### Background

The case pertains to the voluntary liquidation of Alexandria Services (India) Private Limited under Section 59 of the Insolvency and Bankruptcy Code, 2016. The company was incorporated in 2011 and provided facility management and consultancy services. The Board of Directors resolved to voluntarily liquidate the company, 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, submitting preliminary reports, and conducting contributories meetings. The liquidator distributed the proceeds to the members of the company and filed a final report with the Register of Companies and Insolvency and Bankruptcy Board of India.

## Facts

Alexandria Services (India) Private Limited was incorporated on 14.12.2011, providing facility management and consultancy services. The company's registered office was located in Hyderabad. The Board of Directors resolved to voluntarily liquidate the company on 02.01.2018, and a special resolution was passed on 22.01.2018. Mr. Raghu Babu Gunturu, an Insolvency Professional, 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, and balances from the old account were transferred. The liquidator submitted a preliminary report and stated that the company had no tax liabilities, obtaining a no-objection certificate from the income tax

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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 examined the documents and submissions made by the liquidator, including the

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**Interpretation:** Section 59 of the IBC and related regulations are interpreted to ensure that

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**Application:** In this case, the liquidator, Mr. Raghu Babu Gunturu, demonstrated compliance

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## Parties

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

## Timeline

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

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