# In the matter of Rajeev K. Aggarwal Vs. Panipat Texo Fab Pvt. Ltd. & Anr. Civil Appeal No(S). 11875-2018

> SC judgment dated 2018-12-14. Citation: TCN-2018-SC-00002. Civil Appeal No. 11875 of 2018 was called for hearing. The appeal involves an exemption from filing…

- **Court:** SC
- **Order date:** 14 Dec 2018
- **Citation:** TCN-2018-SC-00002
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/rajeev-k-aggarwal-vs-panipat-texo-fab-pvt-ltd-anr-civil-appeal-no-d33f8800

## Summary

### Background

Civil Appeal No. 11875 of 2018 was called for hearing. The appeal involves an exemption from filing C/C of the impugned judgment and stay application, along with permission to file additional documents/facts/annexures.

## Facts

Civil Appeal No. 11875/2018 was listed for hearing on 2018-12-14. The appeal pertains to an exemption from filing the certified copy of the impugned judgment and a stay application. The court, after hearing the counsel, issued a notice and ordered a stay on the insolvency proceedings. The petitioner was directed to deposit Rs. 6,00,000 in the court within one week. This deposit is likely a condition for the stay on the insolvency proceedings.

## Issues and analysis

### Issue 1: Whether the insolvency proceedings should be …

**Ratio:** Courts have the power to grant interim stays to maintain the status quo and prevent

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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 grant of a stay indicates the court's assessment that the appeal has a

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**Application:** The court applied the principle of granting interim relief to prevent

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## Parties

- **Judges:** ROHINTON FALI…; NAVIN S…
- **Appellants:** RAJEEV K AG…
- **Respondents:** PANIPAT TEXO FAB…
- **Other parties:** Over Tu…
- **Advocates:** Nikhil N…; Gautam Na…; +1 more

## Timeline

- **2018-12-14 — Appeal He…**: The appeal was called…
- **2018-12-14 — Order Is…**: Court issued notice and stayed insolvency proceedings, directing the petitioner to…

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