# In the matter of B Prashanth Hegde Vs. State Bank of India & Anr. Civil Appeal No(s). 3741-2020

> SC judgment dated 2020-12-16. Citation: TCN-2020-SC-00001. The case pertains to a civil appeal before the Supreme Court of India. The appeals were called for…

- **Court:** SC
- **Order date:** 16 Dec 2020
- **Citation:** TCN-2020-SC-00001
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/b-prashanth-hegde-vs-state-bank-of-india-anr-civil-appeal-no-8efb30aa

## Summary

### Background

The case pertains to a civil appeal before the Supreme Court of India. The appeals were called for hearing on December 16, 2020. The matter also involves an application for ex-parte stay (IA No.119915/2020).

## Facts

The Civil Appeal No. 3741/2020 was called for hearing on December 16, 2020, along with IA No.119915/2020 for ex-parte stay. B Prashanth Hegde is the appellant, and State Bank of India & Anr. are the respondents. The court issued a notice returnable in six weeks and allowed liquidation proceedings to continue, but not to culminate without orders from the court. The case involves liquidation proceedings, indicating a potential insolvency or debt recovery matter.

## Issues and analysis

### Issue 1: Whether the liquidation proceedings should be …

**Ratio:** The court has the power to control the proceedings before it and to ensure that the

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**Reasoning:** The court allowed the liquidation proceedings to continue but explicitly stated that they

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**Interpretation:** The court is balancing the interests of the parties by allowing the liquidation

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**Application:** By allowing the liquidation to continue but preventing its culmination, the

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## Parties

- **Judges:** ROHINTON FALI…; NAVIN S…
- **Appellants:** B. Prashant…
- **Respondents:** State Bank of…
- **Other parties:** Over Tu…
- **Advocates:** C.A. Sun…; Pranjal K…; +8 more

## Timeline

- **2020-12-16 — Hearing…**: The appeals were called…

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