# In the matter of Metro Jet Airways Training Pvt. Ltd.

> NCLT judgment dated 2024-01-15. Citation: TCN-2024-NCLT-03059. The case involves Jaipur Trade Expocentre Pvt. Ltd. as the Operational Creditor/Applicant and…

- **Court:** NCLT
- **Order date:** 15 Jan 2024
- **Citation:** TCN-2024-NCLT-03059
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/metro-jet-airways-training-pvt-ltd-04f20186

## Summary

### Background

The case involves Jaipur Trade Expocentre Pvt. Ltd. as the Operational Creditor/Applicant and Metro Jet Airways Training Pvt. Ltd. as the Corporate Debtor/Respondent. The NCLAT set aside an order by the Adjudicating Authority dated 2023-08-31 and allowed IA No. 543/JPR/2022, directing for liquidation of the Corporate Debtor.

## Facts

Jaipur Trade Expocentre Pvt. Ltd. is the Operational Creditor/Applicant, while Metro Jet Airways Training Pvt. Ltd. is the Corporate Debtor/Respondent. The NCLAT set aside the Adjudicating Authority's order dated 2023-08-31 and allowed IA No. 543/JPR/2022, directing for liquidation of the Corporate Debtor. Mr. Bhim Sain Goyal provided written consent to act as Liquidator and submitted Form-AA. The NCLAT order dated 2023-12-21 directed the Adjudicating Authority to appoint a Liquidator. The current order appoints Mr. Bhim Sain Goyal as Liquidator.

## Issues and analysis

### Issue 1: Whether Mr. Bhim Sain Goyal should be appointed as the Liquidator for Metro Jet Airways Training …

**Ratio:** The NCLAT directed the Adjudicating Authority to appoint a Liquidator for the Corporate

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**Reasoning:** The court reasoned that since the NCLAT directed the appointment of a Liquidator and Mr.

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**Interpretation:** The interpretation involves understanding the NCLAT's directive for liquidation

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**Application:** The ratio and reasoning are applied to the specific facts of the case, where

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## Parties

- **Judges:** Deep Chandr…; RAJEEV ME…
- **Appellants:** Jaipur Trade…
- **Respondents:** Metro Jet Airways…
- **Advocates:** Pramod Kumar…; Sanjana…

## Timeline

- **2023-08-31 — Adjudicating Authority…**: The Adjudicating Authority passed an…
- **2023-12-21 — NCLAT Or…**: NCLAT set aside the Adjudicating Authority's order and directed for liquidation of 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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