https://www.taxtmi.com/caselaws?id=405852 A consent order in writ proceedings requiring audit of contractual debt and deposit of 80% into escrow was held binding according to its terms. The Court found that the audit mandate was limited to determining the debt due under the concession agreements, and objections based on alleged incompleteness, parallel investigations, or collateral forensic issues did not excuse compliance. At the same time, disputes over the audit report, termination notices, and related inter se claims were expressly reserved for arbitration, leaving the escrow obligation immediate while downstream merits issues remained for the arbitral forum. en-us Fri, 26 Mar 2021 00:00:00 +0530 Sat, 27 Mar 2021 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405852 A consent order in writ proceedings requiring audit of contractual debt and deposit of 80% into escrow was held binding according to its terms. The Court found that the audit mandate was limited to determining the debt due under the concession agreements, and objections based on alleged incompleteness, parallel investigations, or collateral forensic issues did not excuse compliance. At the same time, disputes over the audit report, termination notices, and related inter se claims were expressly reserved for arbitration, leaving the escrow obligation immediate while downstream merits issues remained for the arbitral forum. Case-Laws Companies Law Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405852