# In the matter of Shipra Hotels Ltd. Vs. Value Lines Interiors Pvt. Ltd. Civil Appeal No. 7405-2018

> SC judgment dated 2018-08-03. Citation: TCN-2018-SC-00033. The case involves a civil appeal against an order passed by the National Company Law Tribunal…

- **Court:** SC
- **Order date:** 3 Aug 2018
- **Citation:** TCN-2018-SC-00033
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/shipra-hotels-ltd-vs-value-lines-interiors-pvt-ltd-civil-appeal-no-7405-2018-6c93605f

## Summary

### Background

The case involves a civil appeal against an order passed by the National Company Law Tribunal (NCLT), Allahabad Bench, and an interim order passed by the National Company Law Appellate Tribunal (NCLAT), New Delhi. The admission of the petition was on 01.06.2018. The Insolvency and Bankruptcy Code, 2016, enacted with effect from 06.06.2018, is relevant to the case.

## Facts

M/S Shipra Hotels Ltd. filed a civil appeal against M/S. Value Lines Interiors Pvt. Ltd. The admission of the petition was on 01.06.2018. The National Company Law Tribunal (NCLT), Allahabad Bench, passed an order on 01.06.2018, and the National Company Law Appellate Tribunal (NCLAT), New Delhi, passed an interim order on 26.07.2018. A Memo of Settlement was arrived at between the parties on 31.07.2018. The Supreme Court heard the appeal on 03.08.2018.

## Issues and analysis

### Issue 1: Whether the order passed by the National Company Law Tribunal, Allahabad Bench, dated 01.06.2018 …

**Ratio:** A higher court has the power to set aside orders of lower courts if they are found to be

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**Reasoning:** The Supreme Court found it appropriate to set aside the NCLT order, likely because of the

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**Interpretation:** This confirms the appellate court's authority to review and overturn decisions

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**Application:** The Supreme Court applied this principle by setting aside the NCLT order,

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## Parties

- **Judges:** ROHINTON FALI…; Indu Mal…
- **Appellants:** M/S SHIPRA HOTELS…
- **Respondents:** M/S. VALUE LINES…
- **Other parties:** Over Tu…

## Timeline

- **2018-06-01 — Admission of…**: The petition was…
- **2018-06-01 — NCLT Ord…**: Order passed by the National…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 12A — (1) Subject to sub](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-12a)

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