# In the matter of Harinder Bashista vs. Luxmi Electrical And Engineering Works & Anr.

> SC judgment dated 2023-11-28. Citation: TCN-2023-SC-00008. The Supreme Court of India heard Civil Appeal No. 7703/2023 regarding a matter between Harinder…

- **Court:** SC
- **Order date:** 28 Nov 2023
- **Citation:** TCN-2023-SC-00008
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/harinder-bashista-vs-luxmi-electrical-and-engineering-works-anr-5b4de222

## Summary

### Background

The Supreme Court of India heard Civil Appeal No. 7703/2023 regarding a matter between Harinder Bashista (Appellant) and Luxmi Electrical and Engineering Works & Anr. (Respondent). The case was called for a hearing on 2023-11-28, concerning admission and IA No.240479/2023 for grant of interim relief.

## Facts

Harinder Bashista filed a civil appeal (No. 7703/2023) against Luxmi Electrical and Engineering Works & Anr. The Supreme Court heard the matter on 2023-11-28. The appellant, Harinder Bashista, is required to deposit Rs.8,54,593/- with 9% interest per annum from 2015-04-01 until the date of deposit, within four weeks. This deposit will be converted into a fixed deposit receipt (FDR) for six months with an auto-renewal clause. The court also ordered a stay of further proceedings before the Committee of Creditors until the next hearing. The case involves an application for admission and interim relief (IA No.240479/2023).

## Issues and analysis

### Issue 1: Whether the appellant should be directed to deposit a certain amount with interest as a condition …

**Ratio:** The court has the power to impose conditions for granting interim relief, including

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**Reasoning:** The court considered the submissions of the appellant's counsel and determined that

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**Interpretation:** This demonstrates the court's authority to impose financial conditions when

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**Application:** The appellant, Harinder Bashista, is required to deposit the specified amount

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## Parties

- **Judges:** SANJIV K…; S.V.N. B…
- **Appellants:** Harinder Ba…
- **Respondents:** LUXMI ELECTRICAL…
- **Advocates:** Ramji Srin…; Sambit…; +4 more

## Timeline

- **2023-11-28 — Hearing…**: The matter was called on for a…
- **2024-02-01 — Notice Retu…**: Issue notice returnable…

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