9911796707
TMI Blog2021 (1) TMI 112X X X X Extracts X X X X X X X X Extracts X X X X ..... t dated 21.12.2020, we are inclined to dispose of the instant Company Petition by directing the Parties to strictly adhere the terms and conditions of the settlement. The Parties are hereby directed to strictly adhere to the terms and conditions of Settlement dated 21.12.2020, failing which, the Petitioner is at liberty to approach the Adjudicating Authority by way filing fresh Company Petition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for a total amount of ₹ 13,27,922/-(Rupees Thirteen Lakh Twenty Seven Thousand Nine Hundred and Twenty two only). 2. The case was listed for admission on various dates. viz., 29.06.2020, 03.07.2020, 13.07.2020, 05.08.2020, 19.08.2020. The case was adjourned on the above dates, on various grounds like of service of notice, to file reply, to settle the issue etc. 3. Heard Shri Abh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,00,000 each, with the first instalment being paid on 25.1.2021 and the next four instalments to be paid on 25.02.2021, 25.03.2021, 25.04.2021 and 25.05.2021. It is agreed that any failure or delay on part of the Second Party to remit any instalment in Clause (1) above shall result in default of their obligation. In such an event, the First party in addition to and without prejudice to any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Second party to the First party. That both the parties assures each other that either party shall not initiate any action for any claims or approach any court of law citing any old disputes against the other upon payment of the entire amount of ₹ 10 lakhs by the Second party. These terms shall be presented to the Hon'ble NCLT, Bengaluru for appropriate orders. T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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