# In the matter of State Bank of India Vs. Accord Life Spec Private Limited Through Director & Ors. Civil Appeal No. 9036-2019

> SC judgment dated 2019-12-06. Citation: TCN-2019-SC-00005. Civil Appeal No. 9036/2019 was filed in the Supreme Court of India. The appeal was related to an…

- **Court:** SC
- **Order date:** 6 Dec 2019
- **Citation:** TCN-2019-SC-00005
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/state-bank-of-india-vs-accord-life-spec-private-limited-through-director-ors-civ-82e19545

## Summary

### Background

Civil Appeal No. 9036/2019 was filed in the Supreme Court of India. The appeal was related to an application for admission and a stay application (IA No.180177/2019). The appeal was called for hearing on December 6, 2019.

## Facts

State Bank of India filed a Civil Appeal (No. 9036/2019) before the Supreme Court of India against M/S. Accord Life Spec Private Limited. The appeal included an application for admission and a stay application (IA No.180177/2019). The court heard the counsels and issued a notice returnable in four weeks and granted a stay of further proceedings.

## Issues and analysis

### Issue 1: Whether the Supreme Court should grant a …

**Ratio:** The court has the power to grant a stay on proceedings to prevent further actions that

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**Reasoning:** The court, after hearing the counsels, deemed it appropriate to issue a notice and grant

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**Interpretation:** The granting of a stay indicates that the court found sufficient merit in the

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**Application:** The court applied its discretion to grant a stay, preventing further actions by

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## Parties

- **Judges:** ROHINTON FALI…; S. Ravindr…
- **Appellants:** State Bank of…
- **Respondents:** M/S. ACCORD LIFE…

## Timeline

- **2019-12-06 — Hearing…**: The Civil Appeal No. 9036/2019 was called…

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