https://www.taxtmi.com/caselaws?id=111248 The Supreme Court upheld the Punjab and Haryana High Court's decision in a recovery petition case, emphasizing the genuine difficulties faced by the respondent in making payments on time. The High Court acknowledged partial default but noted full payment made by a certain date with interest. The Court found the difficulties genuine, upheld the compromise, and directed the bank to charge interest for the defaulted period. The Supreme Court dismissed the appeal, stating that the bank did not raise concerns about settlement failure before final payment and found no grounds to intervene. en-us Mon, 26 Mar 2007 00:00:00 +0530 Fri, 16 Aug 2013 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111248 The Supreme Court upheld the Punjab and Haryana High Court's decision in a recovery petition case, emphasizing the genuine difficulties faced by the respondent in making payments on time. The High Court acknowledged partial default but noted full payment made by a certain date with interest. The Court found the difficulties genuine, upheld the compromise, and directed the bank to charge interest for the defaulted period. The Supreme Court dismissed the appeal, stating that the bank did not raise concerns about settlement failure before final payment and found no grounds to intervene. Case-Laws Companies Law Mon, 26 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111248