https://www.taxtmi.com/caselaws?id=468234 An undertaking recorded by the HC to pay a quantified settlement amount is enforceable as a binding obligation. The respondents agreed, through counsel, to release the settled sum within two weeks as full and final satisfaction of all claims arising from the petition, leaving no further liability thereafter. The Court accepted that statement as an undertaking and directed compliance within the stipulated time. If payment is not made within that period, the amount carries interest at 6% per annum from the date it became due and payable until actual payment. en-us Wed, 02 May 2018 00:00:00 +0530 Thu, 23 Apr 2026 18:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468234 An undertaking recorded by the HC to pay a quantified settlement amount is enforceable as a binding obligation. The respondents agreed, through counsel, to release the settled sum within two weeks as full and final satisfaction of all claims arising from the petition, leaving no further liability thereafter. The Court accepted that statement as an undertaking and directed compliance within the stipulated time. If payment is not made within that period, the amount carries interest at 6% per annum from the date it became due and payable until actual payment. Case-Laws Customs Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468234