# In the matter of Aakriti Info-Media Pvt. Ltd. I.A. 1579-ND-2023 in Company Petition No. (IB) 1899-ND-2019

> NCLT judgment dated 2023-04-11. Citation: TCN-2023-NCLT-03868. This is an application filed by the Liquidator, Mr. Ashok Kumar Juneja, under Rule 11 of NCLT…

- **Court:** NCLT
- **Order date:** 11 Apr 2023
- **Citation:** TCN-2023-NCLT-03868
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/aakriti-info-media-pvt-ltd-ia-1579-nd-2023-in-company-petition-no-ib-1899-nd-201-d694ebb8

## Summary

### Background

This is an application filed by the Liquidator, Mr. Ashok Kumar Juneja, under Rule 11 of NCLT Rules, 2016, seeking to be relieved from his responsibilities as the Liquidator in the matter of the Corporate Debtor, M/s Aakriti Info Media Private Limited. The Tribunal appointed Mr. Ashok Kumar Juneja as the Liquidator of the Corporate Debtor on 09.03.2023.

## Facts

The Tribunal appointed Mr. Ashok Kumar Juneja as the Liquidator of the Corporate Debtor, M/s Aakriti Info Media Private Limited, on 09.03.2023. Mr. Juneja filed an application under Rule 11 of NCLT Rules, 2016, seeking to be relieved of his responsibilities due to his pre-occupation with other insolvency cases, his role as an advocate, and his position as Founder and Director of Mantrah Insolvency Professionals Private Limited. He is handling three insolvency and bankruptcy cases, including State Bank of India V/S. Mastana Foods Pvt Ltd., Pankaj Singh & Ors V/S. Aftek Infrastructure Pvt. Ltd, and M/s. BM Pipes Pvt. Ltd. V/S. M/s. Mas Project Engineers Pvt. Ltd. The application was filed as I.A. 1579/ND/2023 in Company Petition No. (IB) 1899/ND/2019.

## Issues and analysis

### Issue 1: Whether the Liquidator, Mr. Ashok Kumar Juneja, should be relieved of his responsibilities as …

**Ratio:** Rule 11 of NCLT Rules, 2016 allows the Liquidator to be relieved from the

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**Reasoning:** The Tribunal considered the reasons provided by the Liquidator, including his

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**Interpretation:** The Tribunal interpreted Rule 11 of NCLT Rules, 2016, to allow for the

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**Application:** The Tribunal applied the ratio to the facts of the case, considering the

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## Parties

- **Judges:** BACHU VENKAT…; RAHUL BHA…
- **Appellants:** M/s. Cargo…
- **Respondents:** M/s Aakriti Info…; M/s. Aakriti…

## Timeline

- **2023-03-09 — Appointment of…**: The Tribunal appointed Mr. Ashok Kumar Juneja as Liquidator of the Corporate Debtor (M/s…
- **2023-04-11 — Order Pron…**: The Tribunal allowed the application and relieved Mr. Ashok Kumar Juneja from his…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 34(6) — Appointment of liquidator and fee to be paid](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-34)

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