https://www.taxtmi.com/caselaws?id=402520 The Tribunal disposed of the Company Petition seeking initiation of Corporate Insolvency Resolution Process against the Respondent, as the parties voluntarily reached a settlement. The Respondent agreed to pay Rs. 10,00,000 in five monthly installments as a full settlement of their dues. Any default in payment would revive the petition. The settlement resolved all disputes, and both parties agreed not to initiate further legal actions. The Tribunal ordered strict adherence to the settlement terms, with liberty for the Petitioner to file a fresh petition in case of non-compliance, without awarding any costs. en-us Tue, 22 Dec 2020 00:00:00 +0530 Sat, 13 Mar 2021 13:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402520 The Tribunal disposed of the Company Petition seeking initiation of Corporate Insolvency Resolution Process against the Respondent, as the parties voluntarily reached a settlement. The Respondent agreed to pay Rs. 10,00,000 in five monthly installments as a full settlement of their dues. Any default in payment would revive the petition. The settlement resolved all disputes, and both parties agreed not to initiate further legal actions. The Tribunal ordered strict adherence to the settlement terms, with liberty for the Petitioner to file a fresh petition in case of non-compliance, without awarding any costs. Case-Laws Insolvency and Bankruptcy Tue, 22 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402520