# In the matter of Indian Bank vs. Charu Desai & Ors.

> SC judgment dated 2022-09-16. Citation: TCN-2022-SC-00023. This is a civil appeal case (6358/2022) before the Supreme Court of India. The matter was called…

- **Court:** SC
- **Order date:** 16 Sept 2022
- **Citation:** TCN-2022-SC-00023
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/indian-bank-vs-charu-desai-ors-550a65de

## Summary

### Background

This is a civil appeal case (6358/2022) before the Supreme Court of India. The matter was called for hearing on September 16, 2022. The IA No. 114801/2022 pertains to a stay application.

## Facts

Indian Bank filed a civil appeal against Charu Desai & Ors. The case was heard on September 16, 2022, and involved a stay application (IA No. 114801/2022). Several advocates appeared for both the appellant and the respondents. The court acknowledged the acceptance of notices by the counsels appearing on caveat on behalf of the respondents. The key fact is the court's order to maintain the status quo, indicating a temporary preservation of the existing situation.

## Issues and analysis

### Issue 1: Whether the status quo should be maintained by the parties involved pending further hearings or …

**Ratio:** The principle of maintaining status quo is applied to prevent any changes to the current

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**Reasoning:** The court ordered the maintenance of status quo to ensure that the positions of the

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**Interpretation:** The order to maintain status quo is interpreted as a temporary measure to

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**Application:** In this specific case, the order to maintain status quo applies to all parties

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## Parties

- **Judges:** S. ABDUL…; V. RAMASUBR…
- **Appellants:** Indian…
- **Respondents:** CHARU DESAI…

## Timeline

- **2022-09-16 — Hearing…**: The matter was called…

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