# In the matter of Siddhivinayak Infrasystems Pvt. Ltd. C.P. No. 47-)MAH)-2017

> NCLT judgment dated 2017-11-09. Citation: TCN-2017-NCLT-00226. This case involves a Company Petition (No. 47 of 2017) filed by All Arch India Pvt. Ltd.…

- **Court:** NCLT
- **Order date:** 9 Nov 2017
- **Citation:** TCN-2017-NCLT-00226
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/siddhivinayak-infrasystems-pvt-ltd-cp-no-47-mah-2017-f5fa3196

## Summary

### Background

This case involves a Company Petition (No. 47 of 2017) filed by All Arch India Pvt. Ltd. against Siddhivinayak Infrasystem Pvt. Ltd. before the National Company Law Tribunal (NCLT), Mumbai Bench. The petition appears to be related to a claim for Rs. 12,00,000/-. The parties have reached an amicable settlement.

## Facts

All Arch India Pvt. Ltd. (Petitioner) filed a Company Petition (No. 47 of 2017) against Siddhivinayak Infrasystem Pvt. Ltd. (Respondent) before the NCLT, Mumbai. The dispute involved a claim for Rs. 12,00,000/-. The Petitioner and Respondent reached an amicable settlement, documented in consent terms. The Respondent agreed to pay Rs. 12,00,000/- to the Petitioner through four cheques: Cheque No. 011327 dated 16/11/2017 for Rs. 3,00,000/-, Cheque No. 011328 dated 16/12/2017 for Rs. 3,00,000/-, Cheque No. 011329 dated 20/02/2018 for Rs. 3,00,000/-, and Cheque No. 011330 dated 20/04/2018 for Rs. 3,00,000/-. The Petitioner agreed to accept the Rs. 12,00,000/- as full and final settlement of its claim. The Petitioner also agreed not to file any civil or criminal case

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## Issues and analysis

### Issue 1: Whether the consent terms agreed upon by the …

**Ratio:** Consent terms, when agreed upon by parties and presented to a court, become a binding

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**Reasoning:** The court noted that both parties consented to the terms without coercion or undue

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**Interpretation:** The consent terms are interpreted as a contract between the parties, subject to

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**Application:** In this case, the court accepted the consent terms, indicating that it found

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## Parties

- **Judges:** M.K. Sh…; Bhaskara Pantula…
- **Appellants:** All Arch India…
- **Respondents:** Siddhivinayak…

## Timeline

- **2016-10-13 — Board Reso…**: Board Resolution dated 13.10.2016 authorizing Mr. Yogesh Suresh Joshi to sign the consent…
- **2017-11-09 — Consent Term…**: Consent terms dated November 9, 2017,…

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