# In the matter of Securities and Exchange Board of India Vs Vinod Tarachand Agrawal

> SC judgment dated 2019-07-08. Citation: TCN-2019-SC-00059. The case involves multiple Interlocutory Applications (IAs) filed in connection with Civil Appeal…

- **Court:** SC
- **Order date:** 8 Jul 2019
- **Citation:** TCN-2019-SC-00059
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/securities-and-exchange-board-of-india-vs-vinod-tarachand-agrawal-e47486bf

## Summary

### Background

The case involves multiple Interlocutory Applications (IAs) filed in connection with Civil Appeal No. 13301/2015, including issues related to appropriate orders/directions, clarification/direction, intervention/impleadment, and modification. The matters were called for hearing on 08-07-2019. The case also involves a Transfer Case (Criminal) No. 3/2016 concerning interim bail. The Supreme Court is addressing these applications and related proceedings.

## Facts

Subrata Bhattacharya filed a Civil Appeal (No. 13301/2015) against the Securities and Exchange Board of India (SEBI). Several interlocutory applications (IAs) were filed in connection with this appeal, addressing issues such as appropriate orders/directions, clarification/direction, intervention/impleadment, and modification. A Transfer Case (Criminal) No. 3/2016 related to interim bail is also associated with the matter. The NCLT, Principal Bench, New Delhi, is involved through proceedings in (IB)-1402(PB)/2018. The court considered the report of SEBI [Justice Lodha Committee]. The court also considered whether the issues raised in the Special Leave Petition are connected with Civil Appeal No.13301 of 2015. The tenure of Shri R.S. Virk, former District Judge, was

…

## Issues and analysis

### Issue 1: Whether the tenure of Shri R.S. Virk, …

**Ratio:** The court has the authority to extend

…

**Reasoning:** The court deemed it appropriate to extend the tenure of Shri R.S. Virk by a further

…

**Interpretation:** This indicates the court's power to manage judicial resources and ensure

…

**Application:** The court applied this authority to extend Shri Virk's tenure, likely to

…

## Parties

- **Judges:** Dr Dhananjaya Y…; INDIRA BA…
- **Appellants:** SUBRATA BHATTACHAR…
- **Respondents:** SECURITIES AND…

## Timeline

- **2018-12-10 — Order of T…**: The order of tagging dated 10 December 2018 was passed on a submission that the issues in…
- **2019-01-31 — Order Da…**: Further proceedings arising out of the order dated 31 January 2019 before the IRP shall…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/supreme-court-of-india/securities-and-exchange-board-of-india-vs-vinod-tarachand-agrawal-e47486bf