# In the matter of Zedo (india) Pvt. Ltd. C.P.(IB)-2840-(MB)-2018

> NCLT judgment dated 2019-04-16. Citation: TCN-2019-NCLT-03866. The case involves a petition before the National Company Law Tribunal (NCLT), Mumbai Bench. The…

- **Court:** NCLT
- **Order date:** 16 Apr 2019
- **Citation:** TCN-2019-NCLT-03866
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/zedo-india-pvt-ltd-cpib-2840-mb-2018-ab64ed4f

## Summary

### Background

The case involves a petition before the National Company Law Tribunal (NCLT), Mumbai Bench. The parties involved are Shami Samad and Zedo (India) Pvt. Ltd. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code. The representatives of both sides are present and have filed Consent Terms, indicating a settlement of the dispute.

## Facts

Shami Samad filed a petition against Zedo (India) Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code. Both parties' representatives appeared before the NCLT, Mumbai Bench, and submitted Consent Terms, signifying an agreement to settle their dispute. According to the Consent Terms, Zedo (India) Pvt. Ltd., the corporate debtor, agreed to pay INR 12,50,000 to Shami Samad, the operational creditor, as a full and final settlement of the claims. Consequently, the parties requested the withdrawal of the petition. The court, acknowledging the settlement and the filed Consent Terms, allowed the petition to be withdrawn.

## Issues and analysis

### Issue 1: Whether the petition should be allowed to be withdrawn based on the Consent Terms filed by the …

**Ratio:** When parties to a legal dispute reach a settlement and file Consent Terms outlining the

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**Reasoning:** The court reasoned that the parties had filed Consent Terms indicating a settlement, and

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**Interpretation:** This legal issue involves the interpretation of the court's power to dispose of

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**Application:** In this specific case, the ratio and reasoning were applied to the facts that

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## Parties

- **Judges:** M.K. Sh…
- **Appellants:** Shami S…
- **Respondents:** Zedo (India) Pvt.…

## Timeline

- **2018-01-01 — Case Fil…**: C.P.(IB)/2840/(MB)/2018…
- **2019-04-16 — Hearing…**: Hearing of Mumbai Bench of the…

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