# In the matter of Everonn Skill Development Ltd. CP-586-(IB)-2018

> NCLT judgment dated 2018-04-23. Citation: TCN-2018-NCLT-01514. The case involves an application for liquidation of the respondent company, Everonn Skill…

- **Court:** NCLT
- **Order date:** 23 Apr 2018
- **Citation:** TCN-2018-NCLT-01514
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/everonn-skill-development-ltd-cp-586-ib-2018-9636d555

## Summary

### Background

The case involves an application for liquidation of the respondent company, Everonn Skill Development Ltd, under Section 33(2) and Section 60 of the Insolvency and Bankruptcy Code (IBC). The Resolution Professional (RP) recommended liquidation based on the Committee of Creditors' (CoC) recommendations. Previous matters related to the company in the High Court of Madras have been disposed of.

## Facts

The National Skill Development Corporation filed a petition (CP/586/(IB)/2017) against Everonn Skill Development Ltd. An application (CA/69/(IB)/2018) was filed in the matter. The Resolution Professional (RP) recommended the liquidation of Everonn Skill Development Ltd based on the recommendations of the Committee of Creditors (CoC). Previous cases related to Everonn Skill Development Ltd in the High Court of Madras (CP 275/2013 and CA 820/2014) have been disposed of. The RP filed an application for liquidation under Sec.33(2) and Sec 60 of the IBC. The court considered these facts and the RP's recommendation when ordering the liquidation.

## Issues and analysis

### Issue 1: Whether the Corporate Debtor, Everonn Skill Development Ltd, should be liquidated as per the …

**Ratio:** The court can order liquidation based on the recommendations of the RP and CoC,

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**Reasoning:** The RP recommended liquidation based on the CoC's decision, indicating that other

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**Interpretation:** This reflects the IBC's framework where liquidation is a possible outcome if

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**Application:** Since the RP and CoC recommended liquidation, and no other resolution plan was

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## Parties

- **Judges:** K. Anantha…; S. VIJAYARA…
- **Appellants:** National Skill…
- **Respondents:** EVERONN SKILL…

## Timeline

- **2017-01-01 — Petition…**: CP/586/(IB)/2017 filed by National Skill Development Corporation against Everonn Skill…
- **2018-01-01 — Application…**: CA/69/(IB)/2018 filed…

## Legal provisions

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

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