# In the matter of Salelink Ecom Pvt. Ltd. CP(IB)-4675-MB-IV-2018

> NCLT judgment dated 2019-10-22. Citation: TCN-2019-NCLT-00875. The case pertains to CP(IB)-4675/MB-IV/2018 filed under Section 9 of the Insolvency &…

- **Court:** NCLT
- **Order date:** 22 Oct 2019
- **Citation:** TCN-2019-NCLT-00875
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/salelink-ecom-pvt-ltd-cpib-4675-mb-iv-2018-50758675

## Summary

### Background

The case pertains to CP(IB)-4675/MB-IV/2018 filed under Section 9 of the Insolvency & Bankruptcy Code, 2016. Aramex India Pvt. Ltd., an operational creditor, initiated the insolvency proceedings against Salelink Ecom Pvt. Ltd., the corporate debtor.

## Facts

Aramex India Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Salelink Ecom Pvt. Ltd. The Adjudicating Authority passed an order on 22.10.2019. Subsequently, on 25.10.2019, the Adjudicating Authority appointed Mr. Prabhakar Bhat as the Interim Resolution Professional (IRP). The IRP is directed to take further steps in the matter immediately.

## Issues and analysis

### Issue 1: Whether an Interim Resolution Professional (IRP) should be appointed to proceed with the insolvency …

**Ratio:** The Adjudicating Authority has the power to appoint an IRP to manage the affairs of the

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**Reasoning:** The Adjudicating Authority considered it necessary to appoint an IRP to take control of

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**Interpretation:** The appointment of an IRP is a critical step in the insolvency resolution

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**Application:** Given the circumstances and the need to proceed with the insolvency resolution

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## Parties

- **Judges:** Rajasekha…; RavikumarDu…
- **Appellants:** Aramex India Pvt.…
- **Respondents:** Salelink Ecom…

## Timeline

- **2018-01-01 — Case Fil…**: CP(IB)-4675/MB-IV/2018…
- **2019-10-22 — Order Pa…**: An order was passed by the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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