The case involves a petition under CP/1226/IB/2018. Counsels for both parties were present. The Operational Creditor submitted that post-dated cheques were given, and one cheque has been encashed. A settlement was reached between the parties.
The Operational Creditor, SRI ENGINEERING WORKS, filed a petition CP/1226/IB/2018 against the Corporate Debtor, ETA ENGINEERING PVT LTD. Post-dated cheques were issued by the Corporate Debtor to the Operational Creditor. One of the cheques was encashed. A settlement was reached between the parties. The Operational Creditor was granted liberty to revive the petition if the cheques are dishonored. This indicates that the settlement was conditional upon the cheques being honored.
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The case involves a petition under CP/1226/IB/2018. Counsels for both parties were present. The Operational Creditor submitted that post-dated cheques were given, and one cheque has been encashed. A settlement was reached between the parties.
The Operational Creditor, SRI ENGINEERING WORKS, filed a petition CP/1226/IB/2018 against the Corporate Debtor, ETA ENGINEERING PVT LTD. Post-dated cheques were issued by the Corporate Debtor to the Operational Creditor. One of the cheques was encashed. A settlement was reached between the parties. The Operational Creditor was granted liberty to revive the petition if the cheques are dishonored. This indicates that the settlement was conditional upon the cheques being honored.
CP/1226/IB…
Hearing held a…
Sign in to view related legal provisions.