# In the matter of Chitra Sharma vs. Union Bank of India

> SC judgment dated 2019-09-05. Citation: TCN-2019-SC-00032. This case involves a Miscellaneous Application No. 1122/2019 in Writ Petition (C) No. 744/2017…

- **Court:** SC
- **Order date:** 5 Sept 2019
- **Citation:** TCN-2019-SC-00032
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/chitra-sharma-vs-union-bank-of-india-33b2ac7b

## Summary

### Background

This case involves a Miscellaneous Application No. 1122/2019 in Writ Petition (C) No. 744/2017 before the Supreme Court of India. The matter concerns issues related to aspirants/stakeholders, potentially in the context of insolvency or similar proceedings involving NBCC (India) Limited. Several intervention applications and applications for clarification, direction, early hearing, and exemption from filing paper books are also part of the record. The court is addressing the issues of all aspirants/stakeholders.

## Facts

The Supreme Court of India is hearing a case involving a Miscellaneous Application No. 1122/2019 in Writ Petition (C) No. 744/2017. Union of India & Ors are the respondents. Several intervention applications, applications for clarification/direction, early hearing, and exemption from filing paper books are part of the proceedings. NBCC (India) Limited is involved and has been directed to prepare a revised plan to address the issues of aspirants/stakeholders. The court has allowed stakeholders to submit written representations to NBCC. The hearing was deferred for four weeks, with a new hearing date set for October 17, 2019. Counsel for NBCC (India) Limited appeared pursuant to a notice issued on September 3, 2019. The court has requested that the salient features

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## Issues and analysis

### Issue 1: Whether the revised plan submitted by NBCC (India) Limited adequately addresses the concerns of all …

**Ratio:** The principle of fairness and equity requires that all stakeholders' concerns are

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**Reasoning:** The court directed NBCC to prepare a revised plan to address the issues of all

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**Interpretation:** This issue involves interpreting the scope and adequacy of the revised plan in

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**Application:** The court will apply this principle by reviewing the revised plan and the

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## Parties

- **Judges:** A.M. KHAN…; DINESH MAHE…
- **Appellants:** CHITRA S…
- **Respondents:** N.B.C.C. (India)…; UNION OF INDIA &…

## Timeline

- **2019-09-03 — Notice I…**: Notice issued to Counsel for…
- **2019-09-05 — Hearing…**: The matters were called…

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