https://www.taxtmi.com/caselaws?id=194207 The court approved a settlement between the parties in a case under Sections 433(e) & (1) read with Sections 434 and 439(1) of the Companies Act, 1956. The settlement involved appointing the Official Liquidator as the Provisional Liquidator for the respondent company, with terms including vacating premises, clearing rent dues, acknowledging arrears, and setting a payment schedule. The settlement also addressed machinery transfer and post-dated cheques. The court recorded the settlement in a Memorandum of Settlement and closed the Company Petition, with provisions for revival in case of default, emphasizing adherence to the agreed conditions for validity. en-us Mon, 12 Oct 2015 00:00:00 +0530 Fri, 01 Sep 2017 07:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194207 The court approved a settlement between the parties in a case under Sections 433(e) & (1) read with Sections 434 and 439(1) of the Companies Act, 1956. The settlement involved appointing the Official Liquidator as the Provisional Liquidator for the respondent company, with terms including vacating premises, clearing rent dues, acknowledging arrears, and setting a payment schedule. The settlement also addressed machinery transfer and post-dated cheques. The court recorded the settlement in a Memorandum of Settlement and closed the Company Petition, with provisions for revival in case of default, emphasizing adherence to the agreed conditions for validity. Case-Laws Companies Law Mon, 12 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194207