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    <title>2020 (7) TMI 579 - MADRAS HIGH COURT</title>
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    <description>The High Court directed the petitioner to settle the balance dues of Rs. 83,58,962 within 6 months, with the first respondent having the right to pursue legal remedies if the payment is not made within the specified period. The Court acknowledged the impact of the COVID-19 pandemic on the petitioner&#039;s ability to meet immediate obligations, releasing the frozen bank account based on the petitioner&#039;s commitment to pay. The decision aimed to strike a fair balance between the parties&#039; interests, emphasizing the importance of fulfilling commitments while recognizing the challenges faced during the pandemic.</description>
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