https://www.taxtmi.com/caselaws?id=367192 The court found in favor of the Plaintiff, a subsidiary of M/s HCL Infosystems Ltd., in a case involving a Settlement Agreement for outstanding payments. The Defendants failed to comply with the agreed payment schedule, arguing jurisdictional issues. However, the court deemed their defense dishonest and ruled the Settlement Agreement binding. The Defendants were ordered to pay the Plaintiff Rs. 5,38,88,509/- with 18% interest per annum, increasing to 24% if not paid within eight weeks, along with costs of Rs. 1 lakh. en-us Fri, 07 Sep 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367192 The court found in favor of the Plaintiff, a subsidiary of M/s HCL Infosystems Ltd., in a case involving a Settlement Agreement for outstanding payments. The Defendants failed to comply with the agreed payment schedule, arguing jurisdictional issues. However, the court deemed their defense dishonest and ruled the Settlement Agreement binding. The Defendants were ordered to pay the Plaintiff Rs. 5,38,88,509/- with 18% interest per annum, increasing to 24% if not paid within eight weeks, along with costs of Rs. 1 lakh. Case-Laws Indian Laws Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367192