# In the matter of Anil Dhirajlal Ambani Vs. State Bank of India & Ors. W.P.(C) 5712-2020

> HC judgment dated 2020-08-27. Citation: TCN-2020-HC-00018. Anil Dhirajlal Ambani filed a writ petition (W.P.(C) 5712/2020) in the High Court of Delhi against…

- **Court:** HC
- **Order date:** 27 Aug 2020
- **Citation:** TCN-2020-HC-00018
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/high-courts-chandigarh-bench/anil-dhirajlal-ambani-vs-state-bank-of-india-ors-wp-ec12c02c

## Summary

### Background

Anil Dhirajlal Ambani filed a writ petition (W.P.(C) 5712/2020) in the High Court of Delhi against the State Bank of India (SBI) and others. The petitioner sought certain reliefs related to proceedings initiated against him under Part-III of the Insolvency and Bankruptcy Code (IBC).

## Facts

Anil Dhirajlal Ambani filed a writ petition in the High Court of Delhi against the State Bank of India (SBI) and others. The petitioner is facing proceedings under Part-III of the Insolvency and Bankruptcy Code (IBC). The court is considering the proceedings in relation to the Corporate Debtor and the liability of the petitioner. The petitioner sought a stay on the proceedings against him under Part-III of the IBC, which the court granted.

## Issues and analysis

### Issue 1: Whether the proceedings against the petitioner …

**Ratio:** The court has the power to grant a stay on proceedings to prevent injustice or abuse of

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**Reasoning:** The court considered the submissions made by the parties and the potential prejudice to

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**Interpretation:** The court interpreted the relevant provisions of the IBC and the principles of

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**Application:** The court applied the ratio to the facts of the case and concluded that a stay

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## Parties

- **Judges:** VIPIN S…; RAJNISH BHA…
- **Appellants:** Anil Dhirajlal…
- **Respondents:** State Bank of…

## Timeline

- **2020-08-27 — Order Da…**: The High Court issued an…
- **2020-10-06 — Next Hearin…**: The matter was listed for further hearing on…

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