# In the matter of jaipuria Buildcon Pvt. Ltd. (IB)-115(PB)-2019

> NCLT judgment dated 2019-05-22. Citation: TCN-2019-NCLT-03216. The case involves a settlement deed that has been signed, with implementation expected in the…

- **Court:** NCLT
- **Order date:** 22 May 2019
- **Citation:** TCN-2019-NCLT-03216
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/jaipuria-buildcon-pvt-ltd-ib-115pb-2019-a536a753

## Summary

### Background

The case involves a settlement deed that has been signed, with implementation expected in the future. The court is considering the implications of this settlement on the ongoing proceedings.

## Facts

A settlement deed has been signed between the parties. The implementation of the settlement is expected to occur in the future. Counsel for the corporate debtor confirms that no claim is due and payable as of the date of the settlement deed. The court considers the proceedings to be infructuous due to the settlement. The petitioner is granted liberty to file an appropriate application if a necessity arises. The case is related to Section 7 of the Insolvency & Bankruptcy Code, 2016.

## Issues and analysis

### Issue 1: Whether the signed settlement deed renders …

**Ratio:** A settlement between parties can render ongoing legal proceedings infructuous if the

…

**Reasoning:** The court reasons that because a settlement deed has been signed and the corporate

…

**Interpretation:** This interprets that a settlement, when agreed upon and implemented,

…

**Application:** In this case, the settlement deed's existence and the agreement that no claim

…

## Parties

- **Judges:** M. M. K…; S. K. MOH…
- **Appellants:** Anita Garg…
- **Respondents:** Prachi…; Jaipuria Buildcon…

## Timeline

- **2019-05-22 — Order Del…**: Order delivered on the matter of Anita Garg…

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-chandigarh/jaipuria-buildcon-pvt-ltd-ib-115pb-2019-a536a753