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.
Jaipur Trade Expocentre Pvt. Ltd. initiated proceedings against Metro Jet Airways Training Pvt. Ltd. under Section 9 of the IBC, 2016. The NCLAT set aside the Adjudicating Authority's order dated 2023-08-31 and directed for liquidation of Metro Jet Airways Training Pvt. Ltd. The Adjudicating Authority is now required to appoint a Liquidator. Mr. Bhim Sain Goyal has given his written consent to act as a Liquidator and submitted Form-AA. The NCLAT order setting aside the previous order is a key fact that necessitates the appointment of a liquidator.
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The Adjudicating…
The NCLAT set aside the Adjudicating…
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.
Jaipur Trade Expocentre Pvt. Ltd. initiated proceedings against Metro Jet Airways Training Pvt. Ltd. under Section 9 of the IBC, 2016. The NCLAT set aside the Adjudicating Authority's order dated 2023-08-31 and directed for liquidation of Metro Jet Airways Training Pvt. Ltd. The Adjudicating Authority is now required to appoint a Liquidator. Mr. Bhim Sain Goyal has given his written consent to act as a Liquidator and submitted Form-AA. The NCLAT order setting aside the previous order is a key fact that necessitates the appointment of a liquidator.
The Adjudicating…
The NCLAT set aside the Adjudicating…