WP(C) 744/2017 1 - Supreme Court of India

1 WP(C) 744/20171 ITEM Court SECTION PIL-W s u p r e m e c o u r t o f i n d i a RECORD OF PROCEEDINGSWrit Petition (Civil) SHARMA & ORS. Petitioner(s) VERSUSUNION OF India & ORS. Respondent(s)(With appln.(s) for intervention, clarification/direction,impleading party and permission to file application for direction)WITH (C) (C) (C) (XI)(With appln.(s) for intervention/impleadment, clarification/direction, impleading party, permission to file appl. fordirection ) (C) (C) (C) (XI)(With appln.)

2 (s) for intervention/impleadment, clarification/direction, permission to file SLP/TP, c/delay in refiling andpermission to file additional documents) (C) (C) (C) (XI)Diary (XI)(With appln.(s) for exemption from filing c/c of the impugnedjudgment, intervention/impleadment, permission to file SLP/TP,c/delay in refiling and permission to file lengthy list of dates)) Date : 10-01-2018 This matter was called on for hearing : HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE KHANWILKAR HON'BLE DR. JUSTICE CHANDRACHUDFor Petitioner(s)Mr. Ajit Kumar Sinha, Sr. Ashwarya Sinha, AORMs. Priyanka Sinha, Srijan Sinha, Ajita Tandon, Ameya Vikrama Thanvi, Alankrita Sinha, Mohini Priya, Ajita Tandan, Usha Nandini V.

3 , AORMs. Revathy Raghava, AORMr. S. Muthu Krishnan, (C) 744/20172Mr. Shuvodeep Roy, AORMr. Fuzail Ahmad Ayyub, AORWP 782/17Mr. Arun Monga, Gopal Jha, AORMs. Divya Sharma, 783/17Mr. Gupta, AORSLP 24001/17 Ms. Mohna, AORMs. Geetali Talukdar, 805/17Mr. Shuvodeep Roy, AORWP 803/17Dr. Kishore, Karunakar Mahalik, AORMs. Poonam Seth, Verma, 24002/17Ms. Neela Gokhale, Anvesh Verma, Rakshit Thakur, Shovan Mishra, AORMr. Ilam Paridi, 950/17Mr. Pawanshree Agrawal, AORWP 860/17Mr. Prashant Kumar, Shantanu Sagar, AORSLP 36396/17Ms. Sujeeta Srivastava, AORMs. Geetali Talukdar, Bijoy Kumar Jain, AOR For Respondent(s)Mr. Venugopal, AGMrs. V.

4 Mohana, Sr. Madhavi Divan, Harish V. Shankar, Nidhi Khanna, Ayushi Puri, Anil Katiyar, Tishampati Sen, AORMs. Rashmi Nandakumar, AORMr. Pukhrambam Ramesh Kumar, AORMs. Praveena Gautam, AORWP(C) 744/20173Mr. Jitesh Prakash Gupta, Pawan Shukla, Gautam, Raja Ram, Neeraj Kumar Gupta, AORMr. Rachit Mittal, Tanvi Aggarwal, Kailash Chand, AORMr. Himanshu Shekhar, AORMr. Dharmendra Kumar Sinha, AORMr. Arun Adlakha, Aparna Bhat, AORMs. Anne Mahtew, AORMs. Annanya Ghosh, AORMr. Amit Pawan, AORMr. Ambhoj Kumar Sinha, AORMr. Alok Shukla, AORMr. Rajiv K. Virmani, Atul Malhotra, Gaurav Jain, Yadav Narender Singh, AORMr. Varinder Kumar Sharma, AORMs. Parul Sharma, Nakul Dewan, Pradhuman Gohil, Taruna Singh Gohil, AORMr.

5 Himanshu Chaubey, Zain Maqbool, Neelu Mohan, Talha Abdul Rahman, AORMs. Seema Rao, Supriya Juneja, AORMs. Sujeeta Srivastava, AORMr. Shekhar Kumar, AORWP(C) 744/20174Ms. Shashi Kiran, AORMr. Ratish Kumar, Urvi Kuthiala Malik, Vrinda Kapoor, Sarvam Ritam Khare, AORMr. Mangaljit Mukherjee, Debarpita Basu Mukherjee, Sagnik Basu, Sarla Chandra, AORMr. Sachin Patil, AORMr. Ranjan Kumar Pandey, AORMr. Sandeep Bisht, Anshumaan Bahadur, Rajeev Kumar Bansal, AORMr. Raj Kishor Choudhary, AORMr. Rabin Majumder, AORMr. Rohit Singh, Prerna Mehta, AORMr. Sahil Mullick, Praveen Swarup, AORMr. Pradeep Kumar Bakshi, AORMr. Partha Sil, AORMr. Tavish B. Prasad, Subhoshree Sil, Praveen Swarup, Suvesh Kumar, Dinesh, AORMr.

6 Naveen Kumar, AORMr. Sidharth Luthra, Sr. Lalit Bhasin, Mudit Sharma, AORMr. Tushar Sharma, Vivek Sarin, AORMr. Satish C. Kaushik, Md. Rashid Saeed, AORMs. Manjeet Chawla, AORWP(C) 744/20175Ms. Madhusmita Bora, AORMr. Krishna Moorthy, AORMs. Liz Mathew, AORMr. Apoorv Shukla, Kunal Cheema, AORMr. Kedar Nath Tripathy, AORMs. Kavita Jha, AORMr. Mohan, AORMr. Raghavendra Bajaj, Garima Bajaj, AORMr. Ejaj Maqbool, AORMs. Tanya Shree, Kunwar Aditya Singh, Chauhan, Bijoy Kumar Jain, AORMr. Balaji Srinivasan, AORMs. Pratiksha Mishra, Abhishek Bharti, Vaishnavi Subrahmanyam, Arunava Mukherjee, R. Sudhinder, Amrita Sarkar, Ashok Mathur, AORMr. Arun K. Sinha, AORMr.

7 Sinha Shrey Mikhilesh, Sumit Sinha, Arjun Garg, AORMr. Abhinav Shrivastav, Manish yadav, Aakash N., Anup Jain, AORMr. Abhishek Baid, Parneet Das, Amit Sharma, AORMr. Amarjit Singh Bedi, AORWP(C) 744/20176Mr. Ajit Sharma, AORMr. Braj Kishore Mishra, Aparna Jha, Abhishek Yadav, AORMr. Abhijat P. Medh, AORMr. Sandeep Devashish Das, AORMr. Bishwajit Dubey, Srideepa Bhattacharayya, Aditya Marwah, Cyril Amarchand MangaldasMr. Mukul Rohatgi, Sr. Anupam Lal Das, AOR Mr. Vishal Gupta, Kumar Mihir, Anirudh Singh, Krishanu Barua, Vishnu Sharma, AORMs. Anupama Sharma, Sonali Negi, Gautami Budhapriya, UNUC Legal LLPMr. Ravindra Kumar, AORMs.

8 Swarupama Chaturvedi, AORMr. Dubey, Ranjit Kumar, Sr. Pawan Upadhyay, Sarvjit Pratap Singh, Ratik Sharma, Sharmila Upadhyay, AORMr. Rabin Majumder, AORMr. Jaideep Singh, Capt. Karan Singh Bhati, Shankh Sengupta, Ramakant Rai, Saurabh Kirpal, Mayank Pandey, Abhijnan Jha, (C) 744/20177Mr. Anivesh Bharadwaj, Ashri, Gargi Khanna, Ajay Marwah, Mool Singh, Sumant Batra, Rajendra Gupta, Rajesh P., Sahil Sethi, Shubham Sharma, Puneeth , Astha Sharma, Jadon, Yunus Malik, Renu Verma, Farha Malik, Sanjeev Agarwal, Tasneem Ahamdi, Sudhir Kumar Gupta, Abhinav Gupta, Manish Gupta, Rakesh Kumar Gupta, Shubhi Khare, Satish Kumar, Kavita Jha, Vaibha Kulkarni, K.

9 Enatoli Sema, Edward Belho, Amit Kumar Singh, K. Luikang Michael, Jasbir Singh Malik, Davinder Sadyora, Adv. UPON hearing the counsel the Court made the following O R D E of 2018 in Writ Petition (C) of2017 has been filed on behalf of the (C) 744/20178 Heard Mr. Sidharth Luthra, learned senior counselfor the applicants. It is submitted by him that the applicants are thehome buyers, who have invested in the holding company Associates Limited (JAL). The grievance of theapplicants is that they are in a state of trishanku ,inasmuch as they are not in a position to move away and inthe absence of any kind of movement, their fate isjeopardized.

10 Submission of Mr. Luthra is that the learnedAmicus Curiae should be asked to create a web-portal wherethe home buyers, who have invested in JAL can put forth theirclaims, subject to further orders by this Court . At this juncture, Mr. Mukul Rohatgi, learned seniorcounsel being assisted by Mr. Anupam Lal Das, learned counselappearing for JAL would contend that JAL has nothing to dowith the controversy and, therefore, separate portal need notbe created. Mr. Suarabh Kirpal, learned counsel appearing forthe Reserve Bank of India (RBI), has filed an interlocutoryapplication seeking leave of this Court to move the NationalCompany Law Tribunal (NCLT) against the JAL under theInsolvency and Bankruptcy Code (IBC).