# In the matter of IBBI Vs. Lalit Kumar Jain and Ors. Transfer Petition(s)(Civil) No(s).1034/2020

> SC judgment dated 2020-10-14. Citation: TCN-2020-SC-00019. The case involves a transfer petition filed by the Insolvency and Bankruptcy Board of India (IBBI)…

- **Court:** SC
- **Order date:** 14 Oct 2020
- **Citation:** TCN-2020-SC-00019
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/ibbi-vs-lalit-kumar-jain-and-ors-transfer-petition-4906d34c

## Summary

### Background

The case involves a transfer petition filed by the Insolvency and Bankruptcy Board of India (IBBI) against Lalit Kumar Jain & Ors. Several other transfer petitions are clubbed with this case, all related to admission, grant of interim relief, ex-parte ad-interim relief, and stay applications.

## Facts

The Insolvency and Bankruptcy Board of India (IBBI) has filed a transfer petition against Lalit Kumar Jain & Ors. The case is related to insolvency and bankruptcy matters. Several other transfer petitions are connected to this case, involving issues such as admission, grant of interim relief, ex-parte ad-interim relief, and stay applications. The court has issued a notice returnable on 28.10.2020 and permitted Dasti service.

## Issues and analysis

### Issue 1: Whether the transfer petition filed by the Insolvency and Bankruptcy Board of India (IBBI) should …

**Ratio:** The ratio would depend on the specific grounds for seeking the transfer and the relevant

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**Reasoning:** The reasoning would involve an assessment of the grounds for transfer, the convenience of

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**Interpretation:** Interpretation of the relevant provisions of the Code of Civil Procedure or

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**Application:** Application of the legal principles to the specific facts and circumstances of

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## Parties

- **Judges:** L. NAGESWA…; HEMANT…; +1 more
- **Appellants:** Insolvency and…
- **Respondents:** LALIT KUMAR JAIN…

## Timeline

- **2020-10-14 — Hearing…**: The petition was called…
- **2020-10-28 — Notice Returna…**: Court issued notice…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/supreme-court-of-india/ibbi-vs-lalit-kumar-jain-and-ors-transfer-petition-4906d34c