# In the matter of Crown Alba Writing Instruments India Pvt. Ltd. CP No. (IB) 211-ALD-2017

> NCLT judgment dated 2018-05-28. Citation: TCN-2018-NCLT-01366. The document pertains to an order sheet of the Allahabad Bench of the National Company Law…

- **Court:** NCLT
- **Order date:** 28 May 2018
- **Citation:** TCN-2018-NCLT-01366
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/crown-alba-writing-instruments-india-pvt-ltd-cp-no-ib-211-ald-2017-b744e9f6

## Summary

### Background

The document pertains to an order sheet of the Allahabad Bench of the National Company Law Tribunal (NCLT) regarding a case involving Bhansali Engineering Polymers Ltd. versus Crown Alba Writing Instruments India Pvt. Ltd. The petition was admitted on May 10, 2018, and the Insolvency & Bankruptcy Board of India (IBBI) was asked to recommend a name for the Interim Resolution Professional (IRP).

## Facts

The National Company Law Tribunal (NCLT), Allahabad Bench, is hearing a case between Bhansali Engineering Polymers Ltd. and Crown Alba Writing Instruments India Pvt. Ltd. The petition was admitted on May 10, 2018. The Insolvency & Bankruptcy Board of India (IBBI) was requested to recommend an Interim Resolution Professional (IRP). IBBI proposed Sh. Amit Gupta, who was subsequently appointed as the IRP by the NCLT with Registration No. IBBI/IPA-002/IP-N00021/2016-17/10048. The order was communicated to the IRP and the Corporate Debtor via email and speed post. A progress report may be requested within 15 days. The case falls under Section 9 of the IBC.

## Issues and analysis

### Issue 1: Whether Sh. Amit Gupta should be appointed as the Interim Resolution Professional (IRP) for the …

**Ratio:** The Insolvency and Bankruptcy Code (IBC) allows the NCLT to appoint an IRP based on the

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**Reasoning:** The IBBI recommended Sh. Amit Gupta as the IRP. The NCLT found no reason to reject this

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**Interpretation:** The IBC provides a framework for the appointment of IRPs to manage the affairs

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**Application:** Based on the IBBI's recommendation, Sh. Amit Gupta was appointed as the IRP,

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## Parties

- **Judges:** Saroj Ra…; V. P. S…
- **Appellants:** Bhansali Engineeri…
- **Respondents:** Crown Alba…

## Timeline

- **2018-05-10 — Petition Ad…**: The petition was…
- **2018-05-28 — Order Shee…**: Attendance-cum-order…

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