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2015 (5) TMI 1206 - HC - Companies LawInstruction to accept the defendants’ offer of payment alongwith interest - HELD THAT:- Defendants are directed to pay to plaintiff ₹ 4,00,00,000/- along with simple interest @ 12% per annum within twelve weeks. But, 25% of the principal sum, namely, ₹ 1,00,00,000/- shall be paid on or before 7th July, 2015. It is also agreed between the parties that in the event of default of payment of 25% of principal amount within the time stipulated here in above, the entire suit shall stand decreed. The present suit is decreed in favour of the plaintiff.
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