# In the matter of Sunil Jain Vs. Punjab National Bank and Others, Civil Appeal No. 5772 of 2019

> SC judgment dated 2021-06-28. Citation: TCN-2021-SC-00039. This is a civil appeal case before the Supreme Court of India. The appeal arises from an order…

- **Court:** SC
- **Order date:** 28 Jun 2021
- **Citation:** TCN-2021-SC-00039
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/sunil-jain-vs-punjab-national-bank-and-others-civil-appeal-no-5772-of-2019-5dda868f

## Summary

### Background

This is a civil appeal case before the Supreme Court of India. The appeal arises from an order passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Insolvency) No 156 of 2018.

## Facts

The case involves a civil appeal brought before the Supreme Court of India against an order passed by the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Insolvency) No 156 of 2018. The appellant, Sunil Jain, challenged the NCLAT's order. The respondent is Punjab National Bank and Others. The Supreme Court, after reviewing the case, found no reason to interfere with the NCLAT's decision.

## Issues and analysis

### Issue 1: Whether the Supreme Court should interfere with the impugned order dated 24 April 2019 passed by …

**Ratio:** The Supreme Court's power to interfere with orders of lower tribunals is discretionary

…

**Reasoning:** The Supreme Court found no reason to interfere with the NCLAT's order, implying that the

…

**Interpretation:** This reaffirms the principle that appellate courts should be hesitant to

…

**Application:** In this specific case, the Supreme Court applied the principle of

…

## Parties

- **Judges:** Dr Dhananjaya Y…; R. Subhash…; +1 more
- **Appellants:** Sunil…
- **Respondents:** Punjab National…
- **Other parties:** Affir…

## Timeline

- **2019-04-24 — Impugned Ord…**: Date of the impugned order passed by the National Company Law Appellate Tribunal in…
- **2021-06-28 — Supreme Cour…**: The Supreme Court dismissed the civil appeal…

---

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/sunil-jain-vs-punjab-national-bank-and-others-civil-appeal-no-5772-of-2019-5dda868f