# In the matter of Rajiv Gupta  Vs Standard Chartered Bank (singapore) Ltd & Anr

> SC judgment dated 2024-08-14. Citation: TCN-2024-SC-00037. The case involves a civil appeal before the Supreme Court of India. The appellant, Rajeev Gupta,…

- **Court:** SC
- **Order date:** 14 Aug 2024
- **Citation:** TCN-2024-SC-00037
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/rajiv-gupta-vs-standard-chartered-bank-9855b2df

## Summary

### Background

The case involves a civil appeal before the Supreme Court of India. The appellant, Rajeev Gupta, challenged an order from the National Company Law Appellate Tribunal (NCLAT) dated May 1, 2023, in Company Appeal (AT) (Ins) No 1513 of 2022. The respondents are Standard Chartered Bank (Singapore) Ltd & Anr.

## Facts

Rajeev Gupta filed a civil appeal (No. 4389 of 2023) before the Supreme Court of India challenging the order of the National Company Law Appellate Tribunal (NCLAT) dated May 1, 2023, in Company Appeal (AT) (Ins) No 1513 of 2022. Standard Chartered Bank (Singapore) Ltd & Anr. are the respondents. The Supreme Court heard the appeal on August 14, 2024, and found no error in the NCLAT's order. Consequently, the appeal was dismissed, and any pending applications were disposed of.

## Issues and analysis

### Issue 1: Whether the order of the National Company Law Appellate Tribunal dated 1 May 2023 in Company Appeal …

**Ratio:** The ratio is that appellate courts should defer to the findings of lower tribunals unless

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**Reasoning:** The Supreme Court stated that it found no error in the order of the NCLAT. This suggests

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**Interpretation:** This legal issue involves the interpretation of the appellate court's role in

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**Application:** In this specific case, the Supreme Court applied the ratio by examining the

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## Parties

- **Judges:** Dr Dhananjaya Y…; J.B. PARD…; +1 more
- **Appellants:** Rajeev…
- **Respondents:** Standard Chartered…
- **Other parties:** Affir…

## Timeline

- **2023-05-01 — NCLAT Or…**: The National Company Law Appellate Tribunal (NCLAT) issued an order in Company Appeal…
- **2024-08-14 — Supreme Court…**: The Supreme Court heard the civil appeal filed…

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