# In the matter of Dishnet Wireless Ltd. C.P. No. 1430-(MAH)-2017

> NCLT judgment dated 2017-11-20. Citation: TCN-2017-NCLT-00176. The case involves a petition before the National Company Law Tribunal (NCLT), Mumbai Bench,…

- **Court:** NCLT
- **Order date:** 20 Nov 2017
- **Citation:** TCN-2017-NCLT-00176
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/dishnet-wireless-ltd-cp-no-1430-mah-2017-6f65386a

## Summary

### Background

The case involves a petition before the National Company Law Tribunal (NCLT), Mumbai Bench, concerning Aksh Opfibre Ltd. versus Dishnet Wireless Ltd. The matter was listed for hearing on 20.11.2017. The representatives of both sides were present.

## Facts

Aksh Opfibre Ltd. filed a petition against Dishnet Wireless Ltd. before the NCLT Mumbai Bench. The representatives of both parties were present during the hearing on 20.11.2017. The petitioner sought permission to withdraw the petition due to a settlement agreement reached between the parties. A memo of withdrawal was placed on record on 17.11.2017. The NCLT considered the settlement agreement and the request for withdrawal.

## Issues and analysis

### Issue 1: Whether the petition filed by Aksh Opfibre Ltd. should be allowed to be withdrawn in light of the …

**Ratio:** A petition can be withdrawn if the parties have reached a settlement and the petitioner

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**Reasoning:** The court considered the settlement agreement between the parties and the petitioner's

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**Interpretation:** This case demonstrates the court's willingness to respect settlement agreements

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**Application:** Since a settlement agreement was reached between Aksh Opfibre Ltd. and Dishnet

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## Parties

- **Judges:** M.K. Sh…; Bhaskara Pantula…
- **Appellants:** Aksh Opfibr…
- **Respondents:** Dishnet Wireless…

## Timeline

- **2017-11-17 — Memo of Wit…**: Memo of Withdrawal…
- **2017-11-20 — Order Da…**: Petition disposed of as…

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