# Vijendra Kumar Jain vs The Insolevency and Bankruptcy Board of India

> SC judgment dated 2024-12-13. Citation: TCN-2024-SC-00005. This is a Special Leave Petition (C) No. 28993/2024 before the Supreme Court of India. The petition…

- **Court:** SC
- **Order date:** 13 Dec 2024
- **Citation:** TCN-2024-SC-00005
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/vijendra-kumar-jain-vs-the-insolevency-and-bankruptcy-board-of-india-2728749a

## Summary

### Background

This is a Special Leave Petition (C) No. 28993/2024 before the Supreme Court of India. The petition arises from an impugned final judgment and order dated 16-10-2024 in WP No. 12320/2024 passed by the High Court of Judicature at Bombay.

## Facts

Vijendra Kumar Jain filed a Special Leave Petition before the Supreme Court of India against the Insolvency and Bankruptcy Board of India & Anr. The petition arose from a final judgment and order dated 16-10-2024 passed by the High Court of Judicature at Bombay in WP No. 12320/2024. The Supreme Court heard the matter on 13-12-2024 and dismissed the petition, stating that they were not inclined to interfere with the impugned judgment.

## Issues and analysis

### Issue 1: Whether the Supreme Court should grant special leave to appeal against the judgment and order of …

**Ratio:** The Supreme Court has discretionary power to grant special leave to appeal under Article

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**Reasoning:** The Court was not inclined to interfere with the impugned judgment, implying that the

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**Interpretation:** The Supreme Court's decision indicates that the High Court's judgment was

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**Application:** In this specific case, the Supreme Court applied its discretion not to grant

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## Parties

- **Judges:** THE CHIEF J…; Sanjay…
- **Appellants:** Vijendra Kumar…
- **Respondents:** THE INSOLVENCY…
- **Other parties:** Affir…
- **Advocates:** Udita S…; Sowmya Sa…

## Timeline

- **2024-10-16 — High Court…**: The High Court of Judicature at Bombay passed a final judgment and order in WP No.…
- **2024-12-13 — Supreme Court…**: The Supreme Court heard the Special Leave…

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