The case involves a petition under the Insolvency and Bankruptcy Code (IBC). Both sides are present and have filed 'Consent Terms,' which are placed on record. The schedule for payment is outlined in Para '4-a' of the Consent Terms. The first payment of Rs. 8,15,682/- has been made through a Demand Draft (DD) and handed over to the representative of the Operational Creditor. The Consent Terms are signed by both sides and their counsels.
Foseco India Ltd filed a petition against Autokast Ltd. Both parties reached a settlement and filed 'Consent Terms'. The 'Consent Terms' outlined a payment schedule. The first payment of Rs. 8,15,682/- was made via Demand Draft to Foseco India Ltd. The court placed the 'Consent Terms' on record and disposed of the petition. Foseco India Ltd has the liberty to revive the petition if Autokast Ltd defaults on the payment schedule.
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The case involves a petition under the Insolvency and Bankruptcy Code (IBC). Both sides are present and have filed 'Consent Terms,' which are placed on record. The schedule for payment is outlined in Para '4-a' of the Consent Terms. The first payment of Rs. 8,15,682/- has been made through a Demand Draft (DD) and handed over to the representative of the Operational Creditor. The Consent Terms are signed by both sides and their counsels.
Foseco India Ltd filed a petition against Autokast Ltd. Both parties reached a settlement and filed 'Consent Terms'. The 'Consent Terms' outlined a payment schedule. The first payment of Rs. 8,15,682/- was made via Demand Draft to Foseco India Ltd. The court placed the 'Consent Terms' on record and disposed of the petition. Foseco India Ltd has the liberty to revive the petition if Autokast Ltd defaults on the payment schedule.
Hearing he…
Both sides pre…
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