# In the matter of SAL Steel Limited Vs. Besto Tradelink Private Limited Civil Appeal No. 370-2018

> SC judgment dated 2018-01-10. Citation: TCN-2018-SC-00082. The case involves a civil appeal before the Supreme Court of India. The appeal arises out of a…

- **Court:** SC
- **Order date:** 10 Jan 2018
- **Citation:** TCN-2018-SC-00082
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/sal-steel-limited-vs-besto-tradelink-private-limited-civil-appeal-no-370-2018-85a7ad4c

## Summary

### Background

The case involves a civil appeal before the Supreme Court of India. The appeal arises out of a Special Leave Petition (Civil) against a judgment and order dated 06-09-2017 passed by the National Company Law Tribunal (NCLT), Ahmedabad Bench. The matter was listed as item number 29 in court number 12, section III.

## Facts

M/S SAL STEEL LIMITED filed a civil appeal against BESTO TRADELINK PRIVATE LIMITED arising from a Special Leave Petition (Civil) against an order of the National Company Law Tribunal (NCLT), Ahmedabad Bench. The parties reached a settlement, evidenced by Consent Terms dated 2017-11-28. The Supreme Court took these terms on record and, exercising its powers under Article 142 of the Constitution of India, set aside the interim order dated 2017-09-06 passed by the NCLT. The appeal was subsequently disposed of.

## Issues and analysis

### Issue 1: Whether the Supreme Court can dispose of an appeal based on a settlement between the parties and …

**Ratio:** The principle is that courts can give effect to settlements reached between parties,

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**Reasoning:** The court reasoned that since the parties had settled the matter and submitted Consent

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**Interpretation:** This involves interpreting the court's inherent power to facilitate settlements

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**Application:** The court applied this principle by accepting the Consent Terms and disposing

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## Parties

- **Judges:** ROHINTON FALI…; NAVIN S…
- **Appellants:** M/S SAL STEEL…
- **Respondents:** BESTO TRADELINK…
- **Other parties:** Over Tu…
- **Advocates:** Shyam D…; Gauri Ras…; +4 more

## Timeline

- **2017-09-06 — NCLT Interi…**: The National Company Law Tribunal,…
- **2017-11-28 — Consent…**: The parties reached a settlement…

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