Summary settlement procedure

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..... lement in the format as specified in Part-A of Schedule-III , calling upon the noticee to file a settlement application under Chapter-II and submit the settlement amount and/or furnish an undertaking in respect of other non-monetary terms or comply with other non-monetary terms, as may be specified in the summary settlement notice in respect of the specified proceeding(s) to be initiated for the f .....

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..... noticee and the notice of settlement shall not confer any right upon the noticee to seek settlement or avoid any enforcement action. (3) The noticee may, within thirty calendar days from the date of receipt of the notice of settlement, - (a) file a settlement application in the Form specified in Part-A of Schedule-I along with non-refundable application fee as specified in Part-B and the undertaki .....

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..... amount and/or furnishing an undertaking in respect of any of the non-monetary terms or compliance with any of the non-monetary terms specified in the notice of settlement. (4) Upon being satisfied with the remittance of settlement amount and undertaking furnished in respect of the non-monetary terms or compliance with non-monetary terms, if any as detailed in the settlement notice, the Board shal .....

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