# In the matter of Committee of Creditors of Essar Steel India Limited Through Authorised Signatory Vs. Satish Kumar Gupta & Anr. Civil Appeal Diary No. 24417-2019 with other CAs

> SC judgment dated 2019-07-22. Citation: TCN-2019-SC-00053. The case arises out of an impugned final judgment and order dated 04-07-2019 in CAAT No. 257/2019…

- **Court:** SC
- **Order date:** 22 Jul 2019
- **Citation:** TCN-2019-SC-00053
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/committee-of-creditors-of-essar-steel-india-limited-through-authorised-signatory-338441c1

## Summary

### Background

The case arises out of an impugned final judgment and order dated 04-07-2019 in CAAT No. 257/2019 and CAAT No. 265/2019 passed by the National Company Law Appellate Tribunal. The case involves the Committee of Creditors of Essar Steel India Limited.

## Facts

The Committee of Creditors of Essar Steel India Limited filed a Civil Appeal against Satish Kumar Gupta & Anr. The appeal arises from a judgment and order passed by the National Company Law Appellate Tribunal (NCLAT) in CAAT No. 257/2019 and CAAT No. 265/2019, dated 04-07-2019. The Supreme Court heard the matter on 22-07-2019 and ordered that the status quo be maintained and listed the matter for further hearing on 07-08-2019. The Monitoring Committee was allowed to continue managing the company.

## Issues and analysis

### Issue 1: Whether the impugned final judgment and order dated 04-07-2019 in CAAT No. 257/2019 and CAAT No. …

**Ratio:** The court did not make a final determination on the merits of the appeal but rather

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**Reasoning:** The court's decision to list the matter for further hearing indicates that it had not yet

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**Interpretation:** The court is reserving its judgment on the validity of the NCLAT's order and

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**Application:** The court's direction to list the matter for further hearing means that the

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## Parties

- **Judges:** ROHINTON FALI…; SURYA…
- **Appellants:** COMMITTEE OF…
- **Respondents:** Essar Steel India…; Satish Kuma…

## Timeline

- **2019-07-04 — Impugned…**: Final judgment and order passed by the National Company Law Appellate Tribunal in CAAT…
- **2019-07-22 — Hearing…**: The matter was called on for…

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