https://www.taxtmi.com/caselaws?id=304335 The CLB dismissed applications seeking modification or recall of consent terms in a Companies Act case involving Indo Saudi Travels Private Limited. The parties' consent terms, including a Rs. 2.3 crores settlement, were found valid and binding. The CLB held that it lacked authority to review its orders without mutual agreement. Additionally, a Rs. 50 lakhs deposit by the respondent was not ordered to be paid to the petitioner, as per a Bombay High Court undertaking. The parties were directed to adhere to the consent terms, subject to the Bombay High Court's decision. en-us Tue, 10 Feb 1998 00:00:00 +0530 Wed, 21 Sep 2022 17:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304335 The CLB dismissed applications seeking modification or recall of consent terms in a Companies Act case involving Indo Saudi Travels Private Limited. The parties' consent terms, including a Rs. 2.3 crores settlement, were found valid and binding. The CLB held that it lacked authority to review its orders without mutual agreement. Additionally, a Rs. 50 lakhs deposit by the respondent was not ordered to be paid to the petitioner, as per a Bombay High Court undertaking. The parties were directed to adhere to the consent terms, subject to the Bombay High Court's decision. Case-Laws Companies Law Tue, 10 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304335