# In the matter of Mr. H. K. Sharma & 131 Ors. Vs. Union of India & 7 Ors. Writ Petition Nos. 15812, 21803-21929, & 21930-21933-2018

> HC judgment dated 2018-06-07. Citation: TCN-2018-HC-00015. A writ petition was filed by the petitioner under Article 226 & 227 of the Constitution of India…

- **Court:** HC
- **Order date:** 7 Jun 2018
- **Citation:** TCN-2018-HC-00015
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/high-courts-chandigarh-bench/mr-h-k-sharma-131-ors-vs-union-of-india-7-ors-writ-petition-nos-15812-21803-2192-eae9adee

## Summary

### Background

A writ petition was filed by the petitioner under Article 226 & 227 of the Constitution of India and registered in the High Court of Karnataka. The petition concerns the Operation and implementation of Companies (Registered Valuers and Valuation) Rules, 2017.

## Facts

Mr. H.K. Sharma and 131 others filed a writ petition in the High Court of Karnataka. The petition challenges the Operation and implementation of Companies (Registered Valuers and Valuation) Rules, 2017. The petitioners sought relief under Article 226 and 227 of the Constitution of India. The Union of India, represented by the Ministry of Corporate Affairs, is the respondent. The court, after hearing the matter, stayed the implementation of the rules insofar as the petitioners are concerned.

## Issues and analysis

### Issue 1: Whether the Operation and implementation of Companies (Registered Valuers and Valuation) Rules, …

**Ratio:** The ratio is based on the court's discretionary power to grant interim relief to prevent

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**Reasoning:** The court reasoned that a stay was warranted until the next date of hearing. This

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**Interpretation:** The interpretation involves understanding the scope and impact of the Companies

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**Application:** The ratio and reasoning were applied to the specific facts of the case,

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## Parties

- **Judges:** Aravind…
- **Appellants:** MR HK S…
- **Respondents:** Union of…

## Timeline

- **2018-06-07 — Order Da…**: The order was issued on…
- **2018-06-26 — Next Hearin…**: The matter was listed for…

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