# In the matter of BLS-E Serivces Pvt. Ltd. Vs. Topsgroup Services Pvt. Ltd. Civil Appeal No.5178 OF 2018 and other petitions

> SC judgment dated 2018-05-14. Citation: TCN-2018-SC-00051. Civil Appeal No. 5178 of 2018 arises from a Special Leave Petition (Civil) No. 12565 of 2018. The…

- **Court:** SC
- **Order date:** 14 May 2018
- **Citation:** TCN-2018-SC-00051
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/bls-e-serivces-pvt-ltd-vs-topsgroup-services-pvt-ltd-civil-appeal-no5178-of-2018-624641bb

## Summary

### Background

Civil Appeal No. 5178 of 2018 arises from a Special Leave Petition (Civil) No. 12565 of 2018. The case involves BLSE Services Pvt. Ltd. as the appellant and Topsgrup Services Ltd. as the respondent. The matter was initially adjudicated by the National Company Law Tribunal (NCLT), New Delhi, in IB No. 600/2017, with a final judgment and order dated 2018-04-26. The Supreme Court heard the petitions and considered the submissions of the counsels.

## Facts

BLSE Services Pvt. Ltd. filed a Civil Appeal (No. 5178 of 2018) before the Supreme Court of India, arising from a Special Leave Petition (Civil) No. 12565 of 2018. Topsgrup Services Ltd. is the respondent in this appeal. The initial judgment and order, dated 2018-04-26, originated from the National Company Law Tribunal (NCLT), New Delhi, in IB No. 600/2017. During the Supreme Court hearing on 2018-05-14, the counsel stated that the matter had been finally settled. Consequently, the court set aside the impugned order and allowed the appeal. Additionally, SLP(C)Nos. 12904 and 12903 of 2018, which were related to the same matter, were also disposed of by the court, deeming any further order unnecessary due to the settlement.

## Issues and analysis

### Issue 1: Whether the impugned order should be set aside and the appeal allowed in view of the settlement …

**Ratio:** The principle of upholding settlements between parties to promote amicable resolution of

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**Reasoning:** The court relied on the statement of the learned counsel that the matter had been finally

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**Interpretation:** The court interpreted the settlement as a conclusive resolution of the issues

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**Application:** Given the settlement, the court applied the principle of upholding settlements

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## Parties

- **Judges:** ADARSH KUMA…; Indu Mal…
- **Appellants:** BLSE SERVICES…
- **Respondents:** TOPSGRUP SERVICES…

## Timeline

- **2018-04-26 — NCLT Ord…**: Final judgment and order passed by the National Company Law Tribunal (NCLT), New Delhi in…
- **2018-05-14 — Supreme Court…**: The Supreme Court heard the petitions and was informed by the counsel that the matter had…

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