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2023 (12) TMI 1175 - SC ORDERDeed of Compromise/settlement dated 04.10.2023 entered into by respondent no. 1 – Rustagi Projects Pvt. Ltd. and the appellant – Anuj Sharma, is taken on record - Parties will be bound by the terms and conditios mentioned in the Deed of Compromise/settlement dated 04.10.2023. However, the appellant – Anuj Sharma/respondent no. 1 – Rustagi Projects Pvt. Ltd. shall pay the Corporate Insolvency Resolution Process (CIRP) costs, as may be determined by the National Company Law Tribunal. In the event the costs are not paid, it will be open to the adjudicating authority/NCLT to take appropriate steps for recovery of the amount in accordance with law. Appeal allowed in part.
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