# In the matter of Committee of Creditors of Essar Steel (India) through State Bank of India Vs Satish Kumar Gupta IA No. 1480 -2019 in CA (AT) No. 265 -2019

> NCLAT judgment dated 2019-04-30. Citation: TCN-2019-NCLAT-00610. The case involves a Company Appeal (AT) (Insolvency) No. 265 of 2019, with I.A. No. 1480 of…

- **Court:** NCLAT
- **Order date:** 30 Apr 2019
- **Citation:** TCN-2019-NCLAT-00610
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/committee-of-creditors-of-essar-steel-india-through-state-bank-of-india-vs-satis-95742b5c

## Summary

### Background

The case involves a Company Appeal (AT) (Insolvency) No. 265 of 2019, with I.A. No. 1480 of 2019. The appeal is related to the Committee of Creditors of Essar Steel (India) through State Bank of India against Satish Kumar Gupta & Ors.

## Facts

The Committee of Creditors of Essar Steel (India), represented by the State Bank of India, filed an appeal against Satish Kumar Gupta & Ors. The case was listed as I.A. No. 1480 of 2019 in Company Appeal (AT) (Insolvency) No. 265 of 2019. The court considered the nature of the case and the potential suffering of financial and operational creditors. The court directed the case to be listed for admission after notice on May 7, 2019, at 2:00 PM, with the possibility of disposing of the appeals at the stage of admission.

## Issues and analysis

### Issue 1: Whether the Company Appeal (AT) (Insolvency) No. …

**Ratio:** The court has the power to direct the listing of cases for admission, considering the

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**Reasoning:** The court considered the nature of the case and the potential suffering of financial and

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**Interpretation:** The court interpreted its powers to manage the case flow and prioritize cases

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**Application:** The court applied its discretion to direct the listing of the case for

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## Parties

- **Judges:** S.J. Mukhop…; Bansi Lal…
- **Appellants:** Committee of…
- **Respondents:** Essar Steel…; Satish Kumar…

## Timeline

- **2019-04-30 — Order Da…**: The court directed the case…
- **2019-05-07 — Next Hea…**: Case to be listed for…

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