# In the matter of Committee of Creditors Through Punjab National Bank & Anr. Vs. Ravi Prakash Goyal & Ors. Petition(s) for Special Leave to Appeal (C) No. 13755-2019

> SC judgment dated 2019-07-03. Citation: TCN-2019-SC-00060. This is a Petition for Special Leave to Appeal (C) No. 13755/2019 arising out of an impugned final…

- **Court:** SC
- **Order date:** 3 Jul 2019
- **Citation:** TCN-2019-SC-00060
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/committee-of-creditors-through-punjab-national-bank-anr-vs-ravi-prakash-goyal-or-d885d22d

## Summary

### Background

This is a Petition for Special Leave to Appeal (C) No. 13755/2019 arising out of an impugned final judgment and order dated 18-04-2019 in CWP No. 10325/2019 passed by the High Court of Punjab & Haryana at Chandigarh. The petition was called for hearing on 03-07-2019.

## Facts

The Committee of Creditors through Punjab National Bank & Anr. filed a Petition for Special Leave to Appeal against Ravi Prakash Goyal & Ors. The petition challenges the final judgment and order dated 18-04-2019 passed by the High Court of Punjab & Haryana at Chandigarh in CWP No. 10325/2019. The Supreme Court heard the petition on 03-07-2019 and issued a notice and stayed the impugned judgment.

## Issues and analysis

### Issue 1: Whether the Supreme Court should grant a stay on the impugned judgment of the High Court of Punjab …

**Ratio:** The Supreme Court has the power to grant a stay on the operation of a judgment or order

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**Reasoning:** The Court, after hearing the counsel, deemed it appropriate to grant a stay on the

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**Interpretation:** The grant of a stay is a discretionary power exercised by the court based on

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**Application:** In this case, the Supreme Court applied its discretion to stay the impugned

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## Parties

- **Judges:** ROHINTON FALI…; SURYA…
- **Appellants:** COMMITEE OF…
- **Respondents:** RAVI PRAKASH…

## Timeline

- **2019-04-18 — High Court…**: The High Court of Punjab & Haryana passed a final judgment and order in CWP No.…
- **2019-07-03 — Supreme Court…**: The Supreme Court heard the petition and issued…

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