# In the matter of International Land Developers Pvt. Ltd. Vs. Gautam Jain Petitioner for Special Leave to Appeal (C) No(s). 8501-2018

> SC judgment dated 2018-04-09. Citation: TCN-2018-SC-00067. The case involves a petition for Special Leave to Appeal arising out of a final judgment and order…

- **Court:** SC
- **Order date:** 9 Apr 2018
- **Citation:** TCN-2018-SC-00067
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/international-land-developers-pvt-ltd-vs-gautam-jain-petitioner-for-special-leav-f559cc4a

## Summary

### Background

The case involves a petition for Special Leave to Appeal arising out of a final judgment and order dated 20-03-2018 in (IB)-538(ND)/2017 passed by the National Company Law Tribunal, New Delhi. The application sought permission to place additional facts and documents on record.

## Facts

International Land Developers Pvt. Ltd. filed a petition for Special Leave to Appeal against Gautam Jain. The petition arose from a final judgment and order dated 20-03-2018 in (IB)-538(ND)/2017 passed by the National Company Law Tribunal, New Delhi. The parties reached a settlement dated 30th March, 2018. The application sought permission to place additional facts and documents on record. The court took the settlement on record and set aside the impugned order.

## Issues and analysis

### Issue 1: Whether the special leave petition should be disposed of in light of the settlement reached between …

**Ratio:** When parties to a dispute reach a settlement, courts generally respect and enforce such

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**Reasoning:** The court acknowledged the settlement reached between the parties and considered it

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**Interpretation:** The court interpreted the settlement as a resolution of the dispute between the

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**Application:** Given the settlement dated 30th March, 2018, the court applied the principle of

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## Parties

- **Judges:** ADARSH KUMA…; ROHINTON FALI…
- **Appellants:** International…
- **Respondents:** Sh. Gauta…
- **Other parties:** Over Tu…

## Timeline

- **2017-01-01 — Order by…**: Order (IB)-538(ND)/2017 passed by the…
- **2018-03-20 — Impugned Ord…**: Date of the impugned…

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