Partly allowed

In the matter of Linbert Travels Pvt. Ltd. IA(I.B.C)-163 & 462(KB)2022 in C.P. (IB)-1832(KB)2019

NCLT15 Jun 2022

Case brief

AI extract

What is this about?

The National Company Law Tribunal Kolkata Bench allowed an application under Section 12A of the Insolvency and Bankruptcy Code, 2016. The court closed the CIRP initiated against Linbert Travels Pvt Ltd as all dues were paid, restored the Board of Directors, discharged the IRP, and directed the handover of assets.

What did the court decide?

CIRP closed; Board of Directors restored; IRP discharged; immediate handover of assets and documents ordered.

In the matter of Linbert Travels Pvt. Ltd. IA(I.B.C)-163… — Insolvency and Bankruptcy | NCLT (2022)

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DIVISION BENCH COURT - II

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O-210

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NATIONAL COMPANY LAW TRIBUNAL KOLKATA BENCH KOLKATA

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C.P. (IB)/1832(KB)2019 IA(I.B.C)/163(KB)2022, IA(I.B.C)/462(KB)2022

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CORAM: 1. HON’BLE MEMBER(J), SHRI ROHIT KAPOOR 2. HON’BLE MEMBER(T), SHRI HARISH CHANDER SURI

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ATTENDANCE-CUM-ORDER SHEET OF THE HEARING ON 15^TH JUNE, 2022, 10:30 A.M

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	RIYA TRAVEL & TOURS I PVT LTD
IN THE MATTER OF	VS LINBERT TRAVELS PVT LTD
UNDER SECTION	IBC UNDER SEC 9

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Counsel / Authorised Representative appeared physically/through video conference:

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For OC	:	Mr. Sunil Kumar Gupta, Adv. Mr. Dipanjan Biswas, Adv.
For IRP	:	Mr. Soumabha Ghose, Adv.
		Mr. Surendra Kumar Agarwal, IRP in person

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O R D E R

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Ld. Counsel for the Operational Creditor present. Ld. Counsel for the IRP present. IRP is present in person.

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IA(IBC)/462(KB)2022 – This application has been filed by the applicant u/s. 12A of the Insolvency and Bankruptcy Code, 2016. It is submitted by the Ld. Counsel for the IRP that all the dues have been paid and there is no claim pending to any creditors. In view of this, the order of CIRP dated 13/01/2022 passed in CP (IB)/1832(KB)2019 is recalled. Therefore, it is ordered as follows: -

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(a) The CIRP initiated against the Corporate Debtor vide order dated 13/01/2022 is hereby closed;

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(b) The Board of Directors of the Corporate Debtor is restored to its original position;

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(d) The IRP is hereby directed to handover to the Board of Directors of the Corporate

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Debtor all its assets and books of account and other documents immediately.

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With the above directions both the IA(IBC)/462(KB)2022 and CP(IB)/1832(KB)2019 along with all pending iAs, if any, shall stand disposed of.

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File be consigned to the records.

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Harish Chander Suri Member (Technical)

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Rohit Kapoor Member (Judicial)

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hb.

In the matter of Linbert Travels Pvt. Ltd. IA(I.B.C)-163 & 462(KB)2022 in C.P. (IB)-1832(KB)2019

Case brief

What is this about?

What did the court decide?

In the matter of Linbert Travels Pvt. Ltd. IA(I.B.C)-163 & 462(KB)2022 in C.P. (IB)-1832(KB)2019

Case brief

What is this about?

What did the court decide?

What the court decided

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