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2019 (4) TMI 1741

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..... . 2. Placed on record the 'Terms of Settlement' dated 23.04.2019. As per this Terms of Settlement certain amount is yet to be paid. Para 2 of the Terms of Settlement read as under : " 2. The Corporate Debtor to secure the payment of the Settlement Amount hereby issues 14 post dated cheques in favour of the Operational Creditor on the date of this Settlement Agreement as described herein below : .....

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..... Allowed with liberty to Petitioner that in case of defiance matter can be mentioned to this Bench. 4. The Learned Counsel of the Respondent has made a statement that it may be directed to the Petitioner that if the Respondent makes a payment through RTGS in the account of Petitioner, the PDC already issued by the Respondent may be returned to them. Directed accordingly. 5. With this condition t .....

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