# In the matter of Sameer Singh vs. Bank Of India

> SC judgment dated 2022-01-03. Citation: TCN-2022-SC-00080. The case is a Civil Appeal with the number 4799/2021 before the Supreme Court of India. The matter…

- **Court:** SC
- **Order date:** 3 Jan 2022
- **Citation:** TCN-2022-SC-00080
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/sameer-singh-vs-bank-of-india-10ee2b73

## Summary

### Background

The case is a Civil Appeal with the number 4799/2021 before the Supreme Court of India. The matter was called for hearing on 03-01-2022.

## Facts

The Civil Appeal No. 4799/2021 was heard by the Supreme Court on 03-01-2022. The appellant is SAMEER SINGH, and the respondent is BANK OF INDIA & ORS. The case involves an intervention/impleadment application (IA No. 164772/2021 and IA No. 52444/2020) and a stay application (IA No. 164765/2021). The Supreme Court ordered a stay on further proceedings in CP (IB)2803(MB)2019 pending before the NCLT, Mumbai, including IA/1505/MB/2021 filed by the proposed respondent no.4 for approval of the Resolution Plan. The relevance of these facts lies in the Supreme Court's decision to halt the insolvency resolution process at the NCLT level.

## Issues and analysis

### Issue 1: Whether the proceedings in the matter of CP (IB)2803(MB)2019 pending before the NCLT, Mumbai, …

**Ratio:** The Supreme Court has the power to grant a stay on proceedings before lower courts or

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**Reasoning:** The Court, after hearing the counsel, deemed it appropriate to stay the proceedings. The

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**Interpretation:** The stay order indicates the Supreme Court's concern regarding the ongoing

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

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## Parties

- **Judges:** S. ABDUL…; KRISHNA M…
- **Appellants:** SAMEER…
- **Respondents:** BANK OF INDIA &…

## Timeline

- **2022-01-03 — Hearing…**: The matter was called on for…
- **2022-01-03 — Stay Ord…**: The Supreme Court ordered a stay on further proceedings in the matter of CP…

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