9911796707
TMI Blog2019 (11) TMI 1577X X X X Extracts X X X X X X X X Extracts X X X X ..... have settled the issue, we are inclined to permit the Petitioner to withdraw the instant Company Petition subject to honouring the cheques as mentioned in the Joint Memo dated 18-11-2019, by reserving liberty to the Petitioner to file fresh Company Petition in accordance with law, in the event the Respondent is failed to honouring any of the abovementioned cheques as mentioned in the said Joint Me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion Process (CIRP) in respect of M/s. Value Designbuild Private Limited ('Respondent/Corporate Debtor') on the ground that it has committed default for an amount of ₹ 16,11,097/- (Rupees Sixteen Lakhs Eleven Thousand Ninety Seven only) which includes principal amount and interest @ 24% p.a. 2. The case was listed for on admission viz., 29-5-2019, 14-6-2019, 27-6-2019, 29-7-2019, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent has offered a sum of ₹ 11,86,356/- as full and final settlement towards the outstanding dues of the Petitioner as under and which the Petitioner has agreed. a. Cheque dated 23-11-2019 bearing No. 000827, drawn at ICICI Bank for a sum of ₹ 5,93,178/- in favour of the Petitioner and b. A Cheque dated 23-12-2019 bearing No. 000828, drawn at ICICI Bank for a sum of ₹ 5,93,1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng liberty to the Petitioner to file fresh Company Petition, in the event the Respondent is failed to honour the cheques as mentioned in the said Joint Memo. 6. Shri Abhijit Atur, learned Counsel for the Respondent has also confirmed that the Respondent/Corporate Debtor shall honour the Cheques as mentioned in the said Joint Memo dated 18-11-2019, and has no objection to withdraw the instant Co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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