# In the matter of Blue Stampings & Forgings Ltd. (IB)-606-(ND)-2017

> NCLT judgment dated 2018-05-14. Citation: TCN-2018-NCLT-01419. CA 174/2018 was filed by the Corporate Debtor, BMM Ispat Ltd., annexing the direction of the…

- **Court:** NCLT
- **Order date:** 14 May 2018
- **Citation:** TCN-2018-NCLT-01419
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/blue-stampings-forgings-ltd-ib-606-nd-2017-107eabd3

## Summary

### Background

CA 174/2018 was filed by the Corporate Debtor, BMM Ispat Ltd., annexing the direction of the Hon'ble Apex Court regarding the settlement between the parties, with a prayer to set aside the proceedings before the NCLT New Delhi Bench.

## Facts

BMM Ispat Ltd., the Corporate Debtor, filed CA 174/2018 before the NCLT New Delhi Bench. The application included the direction from the Hon'ble Apex Court regarding a settlement reached between the parties. The Corporate Debtor requested the proceedings before the NCLT be set aside in light of the settlement. The court considered the settlement and determined that no further issues remained. Consequently, the Corporate Debtor was released from the moratorium.

## Issues and analysis

### Issue 1: Whether the settlement between the parties, as directed by the Hon'ble Apex Court, warrants setting …

**Ratio:** When parties reach a settlement, especially with the direction of a higher court, the

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**Reasoning:** The court reasoned that the settlement between the parties, as directed by the Hon'ble

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**Interpretation:** This interpretation acknowledges the importance of upholding settlements,

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**Application:** In this case, the settlement directed by the Hon'ble Apex Court was applied to

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## Parties

- **Judges:** Deepa Kr…; Ina Mal…; +1 more
- **Respondents:** BMM Ispat…; blue Stampings &…

## Timeline

- **2018-05-14 — Hearing…**: Hearing before the New Delhi Bench of…
- **2018-01-01 — Filing of CA…**: CA 174/2018 filed by the Corporate Debtor annexing the direction of the Hon'ble Apex…

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