# In the matter of Mk Dhir Vs Punjab National Bank

> SC judgment dated 2022-03-28. Citation: TCN-2022-SC-00063. This is a civil appeal case (No. 1976/2022) before the Supreme Court of India. The appeal was…

- **Court:** SC
- **Order date:** 28 Mar 2022
- **Citation:** TCN-2022-SC-00063
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/mk-dhir-vs-punjab-national-bank-44b999de

## Summary

### Background

This is a civil appeal case (No. 1976/2022) before the Supreme Court of India. The appeal was called for hearing on 2022-03-28. The appellant sought exemption from filing a certified copy of the impugned judgment (IA No.38185/2022).

## Facts

The case is a civil appeal (No. 1976/2022) before the Supreme Court of India. The appellant, M.K. Dhir & Ors., filed an appeal against the respondent, Punjab National Bank & Anr. The appellant also filed an application (IA No.38185/2022) seeking exemption from filing a certified copy of the impugned judgment. The court heard the appeal on 2022-03-28 and issued a notice. The court then ordered a stay on the operation of the impugned order passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi, until further orders. This stay is a key fact as it temporarily halts the execution of the NCLAT order.

## Issues and analysis

### Issue 1: Whether the Supreme Court should grant a stay on the operation of the impugned order passed by the …

**Ratio:** The court has the power to grant a stay on the operation of an order passed by a lower

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**Reasoning:** The court, after hearing the counsel, deemed it appropriate to grant a stay on the

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**Interpretation:** The power to grant a stay is interpreted as a means to prevent irreversible

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**Application:** The ratio and reasoning are applied to the specific facts of the case, where

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## Parties

- **Judges:** S. ABDUL…; VIKRAM…
- **Appellants:** M.K. DHIR…
- **Respondents:** Punjab National…

## Timeline

- **2022-03-28 — Appeal He…**: The civil appeal was called for…
- **2022-03-28 — Stay Ord…**: The Supreme Court ordered a stay on the operation of the impugned order passed by the…

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