# In the matter of UT Ltd. Vs. Bango Industries Civil Appeal No. 6848-2018

> SC judgment dated 2018-07-20. Citation: TCN-2018-SC-00039. The case involves a civil appeal against an impugned order dated 19.04.2018 passed by the National…

- **Court:** SC
- **Order date:** 20 Jul 2018
- **Citation:** TCN-2018-SC-00039
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/supreme-court-of-india/ut-ltd-vs-bango-industries-civil-appeal-no-6848-2018-ba2911e8

## Summary

### Background

The case involves a civil appeal against an impugned order dated 19.04.2018 passed by the National Company Law Tribunal, Kolkata Bench, Kolkata, arising out of Special Leave Petition (C) No. 14029 OF 2018. The appeal concerns a settlement arrived at on 07.05.2018 between the appellant and the respondent.

## Facts

M/S UT LIMITED filed an appeal against an order of the National Company Law Tribunal, Kolkata Bench. The appeal arose out of Special Leave Petition (C) No. 14029 OF 2018. A settlement was reached between M/S UT LIMITED and M/S BANGO INDUSTRIES on 07.05.2018. The Supreme Court, considering the settlement, set aside the impugned order dated 19.04.2018 passed by the National Company Law Tribunal, Kolkata Bench, Kolkata. The terms of the settlement were made part of the court's record. The court invoked Article 142 of the Constitution of India to set aside the order.

## Issues and analysis

### Issue 1: Whether the Supreme Court should allow the appeal based on the settlement arrived at between the …

**Ratio:** The court recognizes and encourages settlements between parties to resolve disputes

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**Reasoning:** The court acknowledged the settlement reached between the appellant and the respondent on

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**Interpretation:** This highlights the court's preference for resolving disputes through mutual

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**Application:** The settlement between M/S UT LIMITED and M/S BANGO INDUSTRIES was the basis

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## Parties

- **Judges:** ROHINTON FALI…; Indu Mal…
- **Appellants:** M/S UT LI…
- **Respondents:** M/S BANGO…

## Timeline

- **2018-04-19 — Impugned…**: The National Company Law Tribunal, Kolkata…
- **2018-05-07 — Settleme…**: A settlement was arrived at between…

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