# In the matter of Vyomesh Shah Vs. Union of India & Ors. Writ Petition (Civil) No. 149/2022

> SC judgment dated 2022-08-05. Citation: TCN-2022-SC-00031. The Writ Petition (Civil) No. 149/2022, along with other connected petitions, challenges the…

- **Court:** SC
- **Order date:** 5 Aug 2022
- **Citation:** TCN-2022-SC-00031
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/vyomesh-shah-vs-union-of-india-ors-writ-petition-299baf27

## Summary

### Background

The Writ Petition (Civil) No. 149/2022, along with other connected petitions, challenges the validity of Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6), and 100 of the Insolvency and Bankruptcy Code, 2016. Notices have been issued with interim orders in these petitions.

## Facts

Vyomesh Shah filed a Writ Petition (Civil) No. 149/2022 against the Union of India & Ors. challenging the validity of Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6) and 100 of the Insolvency and Bankruptcy Code, 2016. The court issued notices and interim orders preventing the petitioners from transferring assets and restraining the Resolution Professional from proceeding with the report. The case is tagged with W.P. (C) No. 307 of 2022. The issues involved are similar to those in other writ petitions.

## Issues and analysis

### Issue 1: Whether Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6) and 100 of the Insolvency …

**Ratio:** The ratio will be determined upon final adjudication, but it involves the interpretation

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**Reasoning:** The reasoning will be based on the arguments presented by both sides, the court's

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**Interpretation:** The interpretation involves understanding the scope and purpose of the

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**Application:** The application involves assessing how the challenged sections affect the

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## Parties

- **Judges:** DINESH MAHE…; Sudhanshu…
- **Appellants:** VYOMESH…
- **Respondents:** Union of…

## Timeline

- **2022-05-08 — Hearing…**: The matters were called…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95(1) — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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