# In the matter of Youthstar Vanijya Private Limited C.P. (IB)-222(KB)2019

> NCLT judgment dated 2021-07-08. Citation: TCN-2021-NCLT-01815. The case involves TRUE TRAVELMAXX PRIVATE LIMITED versus YOUTHSTAR VANIJYA PRIVATE LIMITED. The…

- **Court:** NCLT
- **Order date:** 8 Jul 2021
- **Citation:** TCN-2021-NCLT-01815
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/youthstar-vanijya-private-limited-cp-ib-222kb2019-3422dd81

## Summary

### Background

The case involves TRUE TRAVELMAXX PRIVATE LIMITED versus YOUTHSTAR VANIJYA PRIVATE LIMITED. The Operational Creditor failed to appear in multiple hearings, including 11/03/2020, 23/02/2021, and 23/03/2021, after the last appearance on 14/01/2020. The matter was initially posted to 11/03/2020.

## Facts

The case involves TRUE TRAVELMAXX PRIVATE LIMITED versus YOUTHSTAR VANIJYA PRIVATE LIMITED. The Operational Creditor's last appearance was on 14/01/2020. The matter was posted to 11/03/2020. The Operational Creditor did not appear on 11/03/2020, 23/02/2021, 23/03/2021, and the hearing date of 08th July, 2021. Mr. Arani Guha, Advocate, appeared for the Corporate Debtor. The court noted the Operational Creditor's absence and apparent disinterest in pursuing the matter.

## Issues and analysis

### Issue 1: Whether the CP(IB)/222(KB)2019 should be dismissed due to the Operational Creditor's repeated …

**Ratio:** A case can be dismissed if the Operational Creditor demonstrates a lack of diligence and

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**Reasoning:** The court reasoned that the Operational Creditor's repeated absence indicated a lack of

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**Interpretation:** The interpretation is that consistent absence from court hearings implies a

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**Application:** The Operational Creditor's absence on multiple dates (11/03/2020, 23/02/2021,

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## Parties

- **Judges:** Rajasekha…; Harish Chander…
- **Appellants:** TRUE TRAVELMAXX…
- **Respondents:** YOUTHSTAR VANIJYA…
- **Advocates:** Arani…

## Timeline

- **2020-01-14 — Last Appe…**: The last appearance on behalf…
- **2020-03-11 — Matter P…**: The matter was posted…

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