2019 (8) TMI 1736

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..... des are present. 2. The Petitioner has informed that as per the Terms of Settlement dated 23.07.2019 the debtor had undertaken to make a payment of Rupees One Crore on or before 31.10.2019, hence seeking adjournment. 3. However, considering that an amount of Rupees Thirty Lakhs as per the Deed of Settlement has been received by the Petitioner, this Bench is of the view that the Petition be dispo .....

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..... r 15, 2019 in the following manner :- 3.3.1 The Second Party shall, directly or indirectly, pay INR 916,667 + accrued interest at the rate of 7% p.a. (360 day basis), per month for twenty-four months wherein the first instalment shall be due and payable on December 15, 2019 and all subsequent instalments shall be due and payable on the 15 th of every month (or nearest next banking/working day). .....

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