# In the matter of Metro Jet Airways Training Pvt. Ltd. IA No. 359-JPR-2022 in CP No. (IB)-176-9-JPR-2019

> NCLT judgment dated 2022-08-10. Citation: TCN-2022-NCLT-01408. The case involves an Interim Application (IA No. 359/IPR/2022) filed by Jaipur Trade Expocentre…

- **Court:** NCLT
- **Order date:** 10 Aug 2022
- **Citation:** TCN-2022-NCLT-01408
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/metro-jet-airways-training-pvt-ltd-ia-no-359-jpr-2022-in-cp-no-ib-176-9-jpr-2019-69c56ca6

## Summary

### Background

The case involves an Interim Application (IA No. 359/IPR/2022) filed by Jaipur Trade Expocentre Private Limited, the Operational Creditor/Applicant, seeking appropriate directions under Rule 11 of the National Company Law Tribunal Rules, 2016. The application was filed after the Hon'ble NCLAT order dated 05.07.2022, titled Jaipur Trade Expocentre Private Limited v. M/s Metro Jet Airways Training Private Limited, Company Appeal (AT)(Insolvency) No. 423 of 2021. The Adjudicating Authority had previously dismissed Company Petition No. IB 176/9/JPR/2019 preferred by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Metro Jet Airways Training Private Limited,

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## Facts

Jaipur Trade Expocentre Private Limited, the Operational Creditor, filed an application seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Metro Jet Airways Training Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority initially dismissed the Company Petition No. IB 176/9/JPR/2019 on 04.03.2020. The Operational Creditor challenged this dismissal before the Hon'ble NCLAT. The Hon'ble NCLAT, in its order dated 05.07.2022, allowed the appeal and directed the Adjudicating Authority to admit the application under Section 9 of the Code. The Operational Creditor then filed an Interim Application (IA No. 359/IPR/2022) before the Adjudicating Authority seeking the admission

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## Issues and analysis

### Issue 1: Whether the Interim Application (IA No. 359/IPR/2022) filed by the Operational Creditor should be …

**Ratio:** The ratio is based on the principle of judicial hierarchy and the binding nature of

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**Reasoning:** The Adjudicating Authority reasoned that the Hon'ble NCLAT had already directed the

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**Interpretation:** The interpretation involves the understanding that the NCLAT, being an

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**Application:** The NCLAT's order dated 05.07.2022 specifically directed the Adjudicating

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## Parties

- **Judges:** Deep Chandr…; Prasanta Kumar…
- **Appellants:** Jaipur Trade…
- **Respondents:** M/s Metro Jet…

## Timeline

- **2020-03-04 — Dismissal of Company…**: The Adjudicating Authority dismissed…
- **2021-01-01 — Company Appeal…**: Company Appeal (AT)(Insolvency)…

## 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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