# In the matter of Mecon FZE Vs. Quinn Logisticis India Pvt. Ltd. Civil Appeal No. 9547-2018

> SC judgment dated 2019-03-05. Citation: TCN-2019-SC-00085. Civil Appeal No. 9547 of 2018 was filed before the Supreme Court of India. The learned Senior…

- **Court:** SC
- **Order date:** 5 Mar 2019
- **Citation:** TCN-2019-SC-00085
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/mecon-fze-vs-quinn-logisticis-india-pvt-ltd-civil-appeal-no-9547-2018-19f93a36

## Summary

### Background

Civil Appeal No. 9547 of 2018 was filed before the Supreme Court of India. The learned Senior Counsel appeared for the parties. Joint application for placing on record the settlement arrived at between the parties was allowed.

## Facts

Civil Appeal No. 9547 of 2018 was filed before the Supreme Court of India. The parties reached a settlement, and a joint application was filed to place the settlement on record. The Compromise/Deed of Settlement was dated 14.02.2019. The court took the settlement on record and disposed of the appeal in terms of the settlement. As a result of the settlement, the insolvency proceedings were terminated.

## Issues and analysis

### Issue 1: Whether the Compromise/Deed of Settlement dated 14.02.2019 should be taken on record and the appeal …

**Ratio:** The court has the power to dispose of appeals based on settlements reached between the

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**Reasoning:** The court considered the settlement arrived at between the parties and found it

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**Interpretation:** This reflects the court's willingness to encourage and recognize settlements

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**Application:** The court applied this principle to the specific facts of the case, where the

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## Parties

- **Judges:** ROHINTON FALI…; Vineet…
- **Appellants:** Mecon…
- **Respondents:** Quinn Logistics…

## Timeline

- **2018-01-01 — Civil Appea…**: Civil Appeal No. 9547…
- **2019-02-14 — Compromise/Deed of…**: Compromise/Deed of…

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