https://www.taxtmi.com/caselaws?id=295895 The court addressed the appellant's financial distress causing delayed payment, default, and interest liability. The appellant offered an unencumbered property as security for revised payment terms. The original decree required a payment of &8377;10.83 crore by a specific date, with interest at 12% per annum for default. The respondent agreed to accept the original amount with interest at 7% per annum in monthly instalments, subject to suitable security and reasonable terms. The court adjourned the matter for further discussions, emphasizing the importance of meeting financial obligations, providing adequate security, and renegotiating payment terms with court involvement. en-us Thu, 13 Feb 2020 00:00:00 +0530 Thu, 24 Jun 2021 06:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295895 The court addressed the appellant's financial distress causing delayed payment, default, and interest liability. The appellant offered an unencumbered property as security for revised payment terms. The original decree required a payment of &8377;10.83 crore by a specific date, with interest at 12% per annum for default. The respondent agreed to accept the original amount with interest at 7% per annum in monthly instalments, subject to suitable security and reasonable terms. The court adjourned the matter for further discussions, emphasizing the importance of meeting financial obligations, providing adequate security, and renegotiating payment terms with court involvement. Case-Laws Indian Laws Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295895