# In the matter of Glas Trust Company LLC vs. Byju Raveendran & Ors.

> SC judgment dated 2024-09-26. Citation: TCN-2024-SC-00029. The case involves a civil appeal before the Supreme Court of India. Several applications have been…

- **Court:** SC
- **Order date:** 26 Sept 2024
- **Citation:** TCN-2024-SC-00029
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/glas-trust-company-llc-vs-byju-raveendran-ors-aefb67f3

## Summary

### Background

The case involves a civil appeal before the Supreme Court of India. Several applications have been filed related to exemption from filing certified copies of the impugned judgment, intervention, impleadment, permission to file additional documents, and stay application. The matter was called for hearing on September 26, 2024.

## Facts

Glas Trust Company LLC has filed a civil appeal against Byju Raveendran & Ors. in the Supreme Court of India. Several interlocutory applications (IAs) have been filed by both parties, including applications for exemption from filing certified copies of the impugned judgment, intervention, impleadment, permission to file additional documents, and a stay application. The court heard the matter on September 26, 2024, and reserved its judgment, ordering the Interim Resolution Professional to maintain status quo and not hold any meetings of the Committee of Creditors until the judgment is pronounced. The case also involves SLP(C) No. 21023/2024, which is connected to the main civil appeal.

## Issues and analysis

### Issue 1: Whether the appellant should be granted exemption from filing certified copies of the impugned …

**Ratio:** The ratio is based on the court's discretion to allow exemptions based on the

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**Reasoning:** The court considers the reasons provided by the appellant for seeking exemption and

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**Interpretation:** The interpretation involves understanding the procedural requirements for

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**Application:** The court applies the ratio to the specific facts of the case, considering the

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## Parties

- **Judges:** THE CHIEF J…; J.B. PARD…; +1 more
- **Appellants:** GLAS Trust…
- **Respondents:** BYJU RAVE…

## Timeline

- **2024-09-26 — Hearing…**: The matters were called…

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