# In the matter of Neeraj Singhal & Anr. Vs. Tata Steel Ltd & Anr. Civil Appeal No.4654 of 2022

> SC judgment dated 2022-09-30. Citation: TCN-2022-SC-00014. The case involves a civil appeal before the Supreme Court of India against a judgment and order…

- **Court:** SC
- **Order date:** 30 Sept 2022
- **Citation:** TCN-2022-SC-00014
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/neeraj-singhal-anr-vs-tata-steel-ltd-anr-civil-appeal-no4654-of-2022-14f73dde

## Summary

### Background

The case involves a civil appeal before the Supreme Court of India against a judgment and order passed by the National Company Law Appellate Tribunal (NCLAT). The appellants are challenging the NCLAT's decision, while the respondents are contesting the appeal. The Supreme Court is reviewing the impugned judgment and order of the NCLAT.

## Facts

The case is a Civil Appeal No. 4654 of 2022 before the Supreme Court of India. The appellants, Neeraj Singal & Anr., challenged a judgment and order passed by the National Company Law Appellate Tribunal (NCLAT). The respondents are Tata Steel Ltd. & Anr. The Supreme Court heard arguments from both sides and considered the submissions made before the NCLAT and the Court itself. The appellants are the erstwhile Promoters. The Court agreed with the NCLAT's view and dismissed the appeal. The Court noted that if the submission on behalf of the appellants is accepted, the Resolution Plan shall not be workable at all. The Court also noted that the appellants cannot be continued to be in the Company in any capacity as shareholders.

## Issues and analysis

### Issue 1: Whether the Supreme Court should interfere with the judgment and order passed by the National …

**Ratio:** The Supreme Court should not interfere with the decisions of lower tribunals unless there

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**Reasoning:** The Court stated that it saw no reason to interfere with the NCLAT's decision and was in

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**Interpretation:** This implies a deference to the expertise of the NCLAT and NLCT in matters of

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**Application:** The Court applied this principle by finding no compelling reason to overturn

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## Parties

- **Judges:** M.R.…; KRISHNA M…
- **Appellants:** NEERAJ S…
- **Respondents:** TATA STEE…

## Timeline

- **2022-09-30 — Appeal He…**: The Civil Appeal No. 4654/2022 was called on…
- **2022-09-30 — Appeal Dis…**: The Supreme Court dismissed the…

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