# In the matter of Swiss Entertainment Pvt. Ltd.

> NCLT judgment dated 2023-10-06. Citation: TCN-2023-NCLT-01383. The case involves Sunflower Marketing And Advertising versus Swiss Entertainment Pvt Ltd. Both…

- **Court:** NCLT
- **Order date:** 6 Oct 2023
- **Citation:** TCN-2023-NCLT-01383
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/swiss-entertainment-pvt-ltd-870d88bf

## Summary

### Background

The case involves Sunflower Marketing And Advertising versus Swiss Entertainment Pvt Ltd. Both parties jointly submitted that the matter has been settled. The Operational Creditor (OC) handed over the settlement agreement to the Bench.

## Facts

Sunflower Marketing And Advertising filed a case against Swiss Entertainment Pvt Ltd. Both parties jointly submitted to the court that the matter has been settled. The Operational Creditor (OC) submitted the settlement agreement to the court. The court took the settlement agreement on record. The case was then disposed of as withdrawn, with the OC having the liberty to restore the case if the Corporate Debtor (CD) defaults on the settlement agreement.

## Issues and analysis

### Issue 1: Whether the settlement agreement between …

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

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**Reasoning:** The court acknowledges the joint submission of the parties and the presentation of the

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**Interpretation:** This interpretation allows for the efficient resolution of disputes through

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**Application:** In this case, the court's decision to take the settlement agreement on record

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## Parties

- **Judges:** SANJIV…; K. R. SAJI…
- **Appellants:** Sunflower…
- **Respondents:** Swiss Entertainmen…

## Timeline

- **2023-10-06 — Order Sheet of…**: Both parties jointly submit that the matter has been settled. The settlement agreement is…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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