# In the matter of Mahindra and Mahindra Ltd. C.P.(IB)-3196(MB)-2019

> NCLT judgment dated 2020-03-02. Citation: TCN-2020-NCLT-01722. The case pertains to C.P.(IB)-3196(MB)/2019 filed under Section 9 of the Insolvency &…

- **Court:** NCLT
- **Order date:** 2 Mar 2020
- **Citation:** TCN-2020-NCLT-01722
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/mahindra-and-mahindra-ltd-cpib-3196mb-2019-ede4d5a4

## Summary

### Background

The case pertains to C.P.(IB)-3196(MB)/2019 filed under Section 9 of the Insolvency & Bankruptcy Code, 2016. The parties involved, Supreme Transport Organisation Pvt Ltd and Mahindra and Mahindra Ltd, have reached a settlement agreement.

## Facts

Supreme Transport Organisation Pvt Ltd filed a case C.P.(IB)-3196(MB)/2019 against Mahindra and Mahindra Ltd under Section 9 of the Insolvency & Bankruptcy Code, 2016. The parties reached a settlement agreement where Mahindra and Mahindra Ltd paid Rs.31,63,890 to Supreme Transport Organisation Pvt Ltd via Demand Draft No. 127863 dated 2020-02-27. The settlement agreement was presented to the court, and the court took it on record. Consequently, the court dismissed the case C.P.(IB)-3196(MB)/2019 as withdrawn.

## Issues and analysis

### Issue 1: Whether the settlement agreement between Supreme Transport Organisation Pvt Ltd and Mahindra and …

**Ratio:** A settlement agreement reached between parties in a legal dispute can be taken on record

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**Reasoning:** The court acknowledged the settlement agreement presented by the parties, indicating that

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**Interpretation:** This interpretation allows parties to resolve disputes outside of formal

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**Application:** The court applied this principle by taking the settlement agreement on record,

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## Parties

- **Judges:** Rajasekha…; RAJESH S…
- **Appellants:** Supreme Transport…
- **Respondents:** Mahindra and…

## Timeline

- **2020-02-27 — Demand Draf…**: Demand Draft No. 127863 was issued, indicating payment as part of the settlement…
- **2020-03-02 — Hearing…**: Order sheet of the…

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