# In the matter of TVS Supply Chain Solution Ltd. CP(IB)-104(CHE)2021

> NCLT judgment dated 2021-12-24. Citation: TCN-2021-NCLT-00017. The case pertains to CP(IB)/104(CHE)/2021 filed before the Chennai Bench of the National…

- **Court:** NCLT
- **Order date:** 24 Dec 2021
- **Citation:** TCN-2021-NCLT-00017
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/tvs-supply-chain-solution-ltd-cpib-104che2021-0a1b7781

## Summary

### Background

The case pertains to CP(IB)/104(CHE)/2021 filed before the Chennai Bench of the National Company Law Tribunal (NCLT). The counsels for the petitioner, Delhivery Pvt Ltd, and the respondent, TVS Supply chain solutions Ltd, represented that they have settled the matter. A Memo of Compromise dated 2021-12-10 was filed on 2021-12-23.

## Facts

Delhivery Pvt Ltd filed a petition CP(IB)/104(CHE)/2021 against TVS Supply chain solutions Ltd. Both parties, represented by their respective counsels, informed the court that they had reached a settlement. A Memo of Compromise, dated 2021-12-10, was filed on 2021-12-23 with S.R. No.6173. The court acknowledged the settlement and dismissed the case.

## Issues and analysis

### Issue 1: Whether the settlement between Delhivery Pvt Ltd and TVS Supply chain solutions Ltd warrants the …

**Ratio:** When parties to a legal proceeding reach a settlement and present a Memo of Compromise to

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**Reasoning:** The court's reasoning is based on the principle that parties are free to settle their

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**Interpretation:** The legal issue revolves around the court's power to recognize and enforce

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**Application:** In this case, the counsels for both Delhivery Pvt Ltd and TVS Supply chain

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## Parties

- **Judges:** S. Ramath…; B. Anil…
- **Appellants:** Delhivery P…
- **Respondents:** TVS Supply chain…

## Timeline

- **2021-12-10 — Memo of Compro…**: The Memo of Compromise between Delhivery Pvt Ltd and TVS Supply chain solutions Ltd was…
- **2021-12-23 — Filing of Memo of…**: The Memo of Compromise was filed…

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