# In the matter of Insolvency and Bankruptcy Board of India vs. Hazel Mercantile Limited & Ors.

> SC judgment dated 2023-09-06. Citation: TCN-2023-SC-00046. The case involves a Transfer Petition (Civil) with case numbers 2124-2126/2023 before the Supreme…

- **Court:** SC
- **Order date:** 6 Sept 2023
- **Citation:** TCN-2023-SC-00046
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/insolvency-and-bankruptcy-board-of-india-vs-hazel-mercantile-limited-ors-13c595f1

## Summary

### Background

The case involves a Transfer Petition (Civil) with case numbers 2124-2126/2023 before the Supreme Court of India. The matter pertains to the Insolvency and Bankruptcy Board of India (IBBI). The case was called for hearing on September 6, 2023.

## Facts

This is a Transfer Petition (Civil) case with numbers 2124-2126/2023 before the Supreme Court of India. The petitioner is the Insolvency and Bankruptcy Board of India (IBBI), and the respondent is Hazel Mercantile Limited & Ors. The case was called for hearing on September 6, 2023. The Supreme Court has issued a notice returnable in the month of November 2023, to be served by all modes, including dasti. The proceedings before the High Court will continue, and pleadings will be completed.

## Issues and analysis

### Issue 1: Whether the transfer …

**Ratio:** The court has the power to transfer

…

**Reasoning:** The court issued a notice returnable to determine whether the transfer petition should be

…

**Interpretation:** The court's power to transfer cases is interpreted broadly to ensure that cases

…

**Application:** The court will apply the ratio to the facts of the case to determine whether

…

## Parties

- **Judges:** SANJIV K…; S.V.N. B…
- **Appellants:** Insolvency and…
- **Respondents:** Hazel Mercantile…
- **Advocates:** Tushar…; Vikas M…; +1 more

## Timeline

- **2023-09-06 — Hearing…**: The matters were called…
- **2023-11-01 — Notice Retu…**: Issue notice returnable in…

---

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/insolvency-and-bankruptcy-board-of-india-vs-hazel-mercantile-limited-ors-13c595f1