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2015 (10) TMI 2665 - HC - Companies LawMemorandum of Settlement - Held that:- Memorandum of Settlement is recorded and the Company Petition is closed in terms of the settlement. Memorandum of settlement dated 12.10.2015 shall form part of this order. However, it is made clear that in case of default of any of the conditions, as agreed to by the parties in the Memorandum of settlement, the petitioner is at liberty to revive the company petition. Consequently, connected Applications are closed.
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