TMI Blog2020 (1) TMI 37X X X X Extracts X X X X X X X X Extracts X X X X ..... case is admitted, we are inclined to permit the Petitioner to withdraw the main Company Petition in the interest of Justice. Petition is disposed of as withdrawn by directing the Respondent to strictly adhere to the terms and conditions as mentioned in the said Joint Memo of Settlement dated 30.08.2019 without any deviation, failing which, the Petitioner will have right to file a fresh Company Petition in accordance with law. - C.P. (IB) NO. 274/BB/2019 - - - Dated:- 30-8-2019 - Rajeswara Rao Vittanala, Judicial Member And Dr. Ashok Kumar Mishra, Technical Member R.C. Venkatesh Rao for the Petitioner. Krishna Prasad for the Respondent. ORDER Rajeswara Rao Vittanala, C.P.(IB) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... INR 67,77,252 Interest component of INR 12,00,000/- and Legal Fees INR 1,50,000/- INR 13,50,000 Total amount pay able to Operational Creditor INR 81,27,252 Sl. No. Type of Instrument Date of Cheque or DD issued Name of the Bank Branch Demand Draft/ Cheque No. Amount in Rs. 1. DD (Already-issued to Operational Creditor) 22nd August 2019 HDFC Bank, Agara lake, Bangalore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8,00,000 9. Cheque 25th February 2020 HDFC Bank, Agara lake, Bangalore 001406 5,50,000 Total 81,27,550 We the Operational Debtor confirm the Cheque issued as above will be honored on it's due dates. In case the cheques are not honored, the Operational Creditor will have right to withdraw the settlement and move the CP with Hon'ble NCLT and also he is at liberty to take such other action as deem necessary and the Petition is withdrawn with the liberty to move this issue if any defect. Therefore, the learn ..... X X X X Extracts X X X X X X X X Extracts X X X X
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