# In the matter of Axis Bank Limited vs. Naren Seth & Anr.

> SC judgment dated 2023-09-12. Citation: TCN-2023-SC-00041. The case involves a civil appeal before the Supreme Court of India. The matter was called for…

- **Court:** SC
- **Order date:** 12 Sept 2023
- **Citation:** TCN-2023-SC-00041
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/axis-bank-limited-vs-naren-seth-anr-edc271cf

## Summary

### Background

The case involves a civil appeal before the Supreme Court of India. The matter was called for judgment on 2023-09-12.

## Facts

The case is a Civil Appeal (No. 2085/2022) before the Supreme Court of India. Axis Bank Limited is the appellant, and Naren Sheth & Anr. are the respondents. The case involved several interlocutory applications (IAs) related to seeking appropriate orders/directions, clarification/direction, intervention application, permission to file additional documents/facts/annexures, and a stay application. The matter was called for judgment on September 12, 2023, and the judgment was pronounced by Hon'ble Mr. Justice Vikram Nath, with the bench comprising himself and Hon'ble Mr. Justice Ahsanuddin Amanullah. The appeal was dismissed, and the applications were disposed of.

## Issues and analysis

### Issue 1: Whether the appeal …

**Ratio:** The ratio is the legal principle or rule of law upon which the court based its decision

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**Reasoning:** The court's reasoning for dismissing the

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**Interpretation:** The interpretation involves understanding the legal principles and precedents

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**Application:** The application involves applying the ratio and reasoning to the specific facts

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## Parties

- **Judges:** VIKRAM…; Ahsanuddin…
- **Appellants:** Axis Bank L…
- **Respondents:** Naren Sheth…

## Timeline

- **2022-01-01 — Civil Appea…**: Civil Appeal No.…
- **2023-09-12 — Judgment Pro…**: The matter was called for judgment,…

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