2018 (1) TMI 1680 - SC - Companies Law

Recovery proceedings - U.P. Awas Evam Vikas Parishad - one time settlement scheme - HELD THAT - Issue notice. Waive service on respondent nos.2 and 3 since Mr. Vishwajit Singh, learned counsel, is appearing on behalf of those respondents.

Summary

The Supreme Court ordered the petitioners to deposit the remaining principal amount of Rs. 35,42,99,047 plus half of the penal interest amount within eight weeks. The parties are to maintain status quo, and any default in payment will vacate the interim order automatically.