2015 (4) TMI 197

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..... the respondents had failed to pay the amount despite the admission made, had thought it fit to admit the petition and had directed advertisement. Despite the order of admission and the advertisement being carried out, the respondent has neither paid the amount due to the petitioner nor has any other material been brought on record. In that light, what is also necessary to be noticed is that th .....

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..... ich had been initiated under the provisions of the Negotiable Instruments Act, when the cheques issued in favour of the petitioner for payment of their dues had been dishonoured. In the said proceedings, the parties had entered into a mutual understanding and in terms of the joint memo which had been filed, the respondent was to repay the balance of ₹ 4,75,000/- which was due as on 30.11.200 .....

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..... te the admission made, had thought it fit to admit the petition and had directed advertisement. Despite the order of admission and the advertisement being carried out, the respondent has neither paid the amount due to the petitioner nor has any other material been brought on record. 6. In that light, what is also necessary to be noticed is that the respondents in their objection statement have .....

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