https://www.taxtmi.com/caselaws?id=296978 The court granted the petitioner an opportunity to comply with a payment schedule to be considered for loan rescheduling. The petitioner's Managing Director committed to paying Rs. 5 crores in two installments by specific deadlines. Failure to meet the payment schedule would result in the respondent proceeding with the original notice. The court emphasized the importance of meeting payment commitments for loan rescheduling consideration and directed to keep the notice in abeyance until the deadlines. en-us Mon, 03 Aug 2015 00:00:00 +0530 Fri, 13 Aug 2021 21:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296978 The court granted the petitioner an opportunity to comply with a payment schedule to be considered for loan rescheduling. The petitioner's Managing Director committed to paying Rs. 5 crores in two installments by specific deadlines. Failure to meet the payment schedule would result in the respondent proceeding with the original notice. The court emphasized the importance of meeting payment commitments for loan rescheduling consideration and directed to keep the notice in abeyance until the deadlines. Case-Laws Insolvency and Bankruptcy Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296978