TMI Blog2021 (1) TMI 343X X X X Extracts X X X X X X X X Extracts X X X X ..... have settled the issue by way of Settlement, we are inclined to permit the Petitioner to withdraw the instant Company Petition by reserving liberty to the Petitioner to file fresh Company Petition in accordance with law. The petition is hereby disposed of as withdrawn in terms of the settlement dated 08.09.2020 by directing the Respondent to strictly adhere to the terms of settlement, failing w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd that it has committed default for a total amount of ₹ 45,25,432/-(Rupees Forty Five Lakhs Twenty Five Thousand Four Hundred and Thirty Two only) as on 30.08.2019. 2. The case was listed for admission on various dates viz., 12.06.2020, 29.06.2020, 15.07.2020, 07.08.2020, 02.09.2020. The case was adjourned on the above dates on the ground of service of notice, to file reply, to settle th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 (two) instalment as full and final settlement of the outstanding dues claimed by the Applicant in the present petition. The first instalment of ₹ 4,33, 654/- would be paid on or before 30.09.2020 and the second instalment of ₹ 4,33,653/- would be paid on or before 31.10.2020. The Applicant undertakes to withdraw the petition forthwith upon the signing of the present terms of set ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ave entered into this settlement out of their own will and volition. The settlement and the terms thereof will be effective on full payment of ₹ 8,67, 307. The parties agree that in case the total payment of ₹ 8,67, 307/- is not made by the Respondent in terms of serial No. 1 mentioned above, the Applicant shall be at liberty to revive its claims in toto again, in appropriate proc ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
