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2022 Supreme(SC) 1325
SUPREME COURT OF INDIA
N.V. Ramana, CJI., A.S. Bopanna, Hima Kohli, JJ.
Spicejet Limited – Appellant
Versus
Credit Suisse AG – Respondent
Petition for Special Leave to Appeal (C) No. 1046 of 2022 (Arising Out of impugned final judgment and order dated 11-01-2022 in OSA No. 1 of 2022 passed by the High Court of Judicature at Madras)
Decided On : 28-01-2022
Mr. Harish Salve, Sr. Advocate, Mr. Mukul Rohatgi, Sr. Advocate, Mr. Ramakrishnan V., Sr. Advocate, Mr. Atul Sharma, Advocate, Mr. Anand Srivastava, Advocate, Mr. Abhinav Sharma, Advocate, Mr. Ashutosh Ranjan, Advocate, Mr. Alok Tripathi, Advocate, For the Appellant / Mr. K.V. Viswanathan, Sr. Advocate, Mr. Rajendra Barot, Advocate, Ms. Liz Mathew, Advocate, Mr. Aditya Bhat, Advocate, Ms. Priyanka Shetty, Advocate, Mr. Ayush Chaddha, Advocate, Mr. Navneet R., Advocate, Mr. Chanakya Dwivedi, Advocate, Mr. Rahul Sangwan, Advocate, For the Respondent.
The Court has the discretion to grant time and order a stay of operation based on the parties' agreement.
Headnote:
Video Conferencing - Stay of Operation - Impugned Order
Fact of the Case:
The Court convened through Video Conferencing. The petitioner sought three weeks' time to resolve the matter, and the respondent agreed. The Court listed the petitions after three weeks and ordered a stay of the operation of the impugned order dated 06.12.2021.
Finding of the Court:
The Court granted the petitioner three weeks' time and ordered a stay of the operation of the impugned order.
Issues:
Ratio Decidendi: The Court's decision was based on the request for time by the petitioner and the agreement of the respondent, leading to the grant of three weeks' time and the stay of the impugned order.
Final Decision: The Court listed the petitions after three weeks and ordered a stay of the operation of the impugned order.
ORDER
1. The Court is convened through Video Conferencing.
2. Mr. Harish Salve, learned senior counsel appearing on behalf of the petitioner(s) sought three weeks' time to resolve the matter. Mr. K.V. Viswanathan, learned senior counsel appearing on behalf of the respondent(s) has also agreed for the same.
3. List these petitions after three weeks.
4. In the meanwhile, there shall be stay of operation of impugned order dated 06.12.2021 (also 15.12.2021 and 23.12.2021) passed in Company Petition No. 363 of 2015 which is upheld by order dated 11.01.2022 passed by the High Court of Judicature at Madras in Original Side Appeal No. 1 of 2022.
