# Kalyan Transco vs. Bhushan Power and Steel Ltd. & Ors.

> SC judgment dated 2025-02-27. Citation: TCN-2025-SC-00039. The case involves a civil appeal before the Supreme Court of India. It includes multiple…

- **Court:** SC
- **Order date:** 27 Feb 2025
- **Citation:** TCN-2025-SC-00039
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/kalyan-transco-vs-bhushan-power-and-steel-ltd-ors-39c73329

## Summary

### Background

The case involves a civil appeal before the Supreme Court of India. It includes multiple applications related to clarification/direction, early hearing, exemption from filing affidavits and documents, intervention/impleadment, and stay applications. The case also involves appropriate orders/directions and permission to file additional documents.

## Facts

The case is a civil appeal before the Supreme Court of India. Several interlocutory applications (IAs) are associated with the appeal, addressing issues such as clarification/direction, early hearing, exemption from filing affidavits and certified copies of the impugned judgment, intervention/impleadment, permission to file additional documents, and stay applications. The court heard arguments from senior counsel representing the Corporate Debtor, Resolution Professional, and suspended Directors/guarantors. The arguments have concluded, and the judgment is reserved. The counsels were directed to submit their notes within one week.

## Issues and analysis

### Issue 1: Whether the arguments presented by the counsels for the Corporate Debtor, Resolution Professional, …

**Ratio:** The court reserves judgment after hearing arguments, indicating that the arguments

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**Reasoning:** The court's decision to reserve judgment suggests that the arguments presented by all

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**Interpretation:** The reservation of judgment implies that the court needs time to analyze the

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**Application:** The court heard arguments from the counsels of the Corporate Debtor, Resolution

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## Parties

- **Judges:** BELA M. T…; SATISH CHANDRA…
- **Appellants:** KALYANI T…
- **Respondents:** M/S BHUSHAN POWER…

## Timeline

- **2025-02-27 — Hearing…**: The matters were called on for…

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