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

> NCLT judgment dated 2021-12-24. Citation: TCN-2021-NCLT-00030. 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-00030
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/tvs-supply-chain-solution-ltd-cpib-104che2021-a1d180ad

## 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 representing the petitioner and the respondent informed the court 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 counsels representing the petitioner and respondent informed the court that they have settled the matter. A Memo of Compromise dated 2021-12-10 was filed on 2021-12-23 in S.R. No.6173. The court took the Memo of Compromise on record and dismissed the petition.

## Issues and analysis

### Issue 1: Whether the settlement between the parties, as evidenced by the Memo of Compromise, warrants the …

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

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**Reasoning:** The court acknowledged the representation by both counsels that the matter had been

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**Interpretation:** This reflects the court's willingness to facilitate and acknowledge settlements

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**Application:** In this case, the court applied the principle by accepting the Memo of

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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 the…
- **2021-12-23 — Filing of Memo of…**: The Memo of Compromise was filed…

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