# In the matter of Pawan Mantri Vs. BMM Ispat Limited and Ors. Diary No. 16558-2018

> SC judgment dated 2018-05-07. Citation: TCN-2018-SC-00057. The case involves a civil appeal before the Supreme Court of India. The parties involved reached a…

- **Court:** SC
- **Order date:** 7 May 2018
- **Citation:** TCN-2018-SC-00057
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/pawan-mantri-vs-bmm-ispat-limited-and-ors-diary-no-16558-2018-c1fdba91

## Summary

### Background

The case involves a civil appeal before the Supreme Court of India. The parties involved reached a settlement, evidenced by a Settlement Agreement dated 06.05.2018. The appeal arose from a final judgment and order dated 25-04-2018 passed by the National Company Law Appellate Tribunal (NCLAT) in CAAT No. 160/2018.

## Facts

Pawan Mantri filed a civil appeal against BMM Ispat Limited and others. The appeal, Diary No. 16558/2018, arose from a judgment and order dated 25-04-2018 passed by the National Company Law Appellate Tribunal (NCLAT) in CAAT No. 160/2018. During the proceedings, the parties reached a settlement, formalized in a Settlement Agreement dated 06-05-2018. The Supreme Court took the settlement agreement on record, set aside the NCLAT's order, and disposed of the appeal in accordance with the settlement terms. The settlement agreement is a key fact because the court's decision is based on it.

## Issues and analysis

### Issue 1: Whether the settlement agreement between the parties should be taken on record and the appeal …

**Ratio:** When parties to a legal dispute reach a settlement, courts generally favor and uphold

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**Reasoning:** The court reasoned that the parties had settled the matter and presented a settlement

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**Interpretation:** The interpretation is that settlement agreements are generally upheld by courts

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**Application:** The court applied this principle by taking the settlement agreement on record

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## Parties

- **Judges:** ROHINTON FALI…; ABHAY MANOHAR…
- **Appellants:** PAWAN M…
- **Respondents:** BMM Ispat L…

## Timeline

- **2018-04-25 — NCLAT Or…**: Date of the impugned final judgment and order passed by the National Company Law…
- **2018-05-06 — Settlement Ag…**: Date of the Settlement…

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