# In the matter of Paramjeet Singh Vs. Maxim Tubes Company Pvt. Ltd. & Anr. Civil Appeal No(s). 9571 of 2018 (SPECIAL LEAVE PETITION  (c) NO.4608 OF 2018

> SC judgment dated 2018-09-14. Citation: TCN-2018-SC-00016. This is a civil appeal case in the Supreme Court of India. The appeal arises out of a final…

- **Court:** SC
- **Order date:** 14 Sept 2018
- **Citation:** TCN-2018-SC-00016
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/paramjeet-singh-vs-maxim-tubes-company-pvt-ltd-anr-civil-appeal-no-9681cfd4

## Summary

### Background

This is a civil appeal case in the Supreme Court of India. The appeal arises out of a final judgment and order passed by the National Company Law Appellate Tribunal (NCLAT). The case involves a petition for special leave to appeal. The order of the National Company Law Tribunal initiating the insolvency proceedings is set aside.

## Facts

The case is a civil appeal before the Supreme Court of India arising from a judgment and order of the National Company Law Appellate Tribunal (NCLAT). The parties involved, Paramjeet Singh and Maxim Tubes Company Pvt. Ltd. & Anr., reached a settlement on 16.01.2018, which the court acknowledged. The initial matter involved insolvency proceedings initiated by the National Company Law Tribunal, which the Supreme Court subsequently set aside. The Supreme Court, exercising its power under Article 142 of the Constitution of India, permitted the parties to close the matter, effectively ending the legal dispute. The relevance of the settlement lies in its role in resolving the dispute and leading to the setting aside of the insolvency proceedings.

## Issues and analysis

### Issue 1: Whether the application(s) for …

**Ratio:** The court has the discretion to dismiss applications for intervention if they are deemed

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**Reasoning:** The court likely determined that the intervention applications were not essential to the

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**Interpretation:** Intervention applications are typically assessed based on whether the

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**Application:** In this case, the court dismissed the intervention applications, indicating

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## Parties

- **Judges:** Ranjan…; NAVIN S…; +1 more
- **Appellants:** PARAMJEET…
- **Respondents:** MAXIM TUBES…
- **Other parties:** Over Tu…
- **Advocates:** Pallav M…; Gaurav…; +5 more

## Timeline

- **2017-11-20 — Impugned Final Judgment…**: Date of the impugned final judgment and order passed by the National Company Law…
- **2018-01-16 — Settlement…**: The parties arrived at a settlement,…

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