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

> NCLT judgment dated 2024-01-15. Citation: TCN-2024-NCLT-03072. 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-03072
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/metro-jet-airways-training-pvt-ltd-42331d3e

## 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. 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.

## Issues and analysis

### Issue 1: Whether Mr. Bhim Sain Goyal should be appointed as the Liquidator for the Corporate Debtor, Metro …

**Ratio:** The court has the authority to appoint a Liquidator to oversee the liquidation process of

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**Reasoning:** Mr. Bhim Sain Goyal has provided his written consent to act as a Liquidator and has

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**Interpretation:** The legal framework allows for the appointment of a Liquidator who meets the

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**Application:** Given Mr. Goyal's consent and submission of Form-AA, and the NCLAT's direction

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## Parties

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

## Timeline

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

## 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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