Ador Welding Ltd. (Operational Creditor) initiated a company petition against Fabtech Projects & Engineers Limited (Corporate Debtor). The parties subsequently reached a settlement. As part of the settlement, Fabtech Projects & Engineers Limited agreed to pay Ador Welding Ltd. Rs. 25,00,000 in five installments. The payment schedule was as follows: Rs. 5,00,000 on or before April 30, 2017; Rs. 5,00,000 on or before May 31, 2017; Rs. 5,00,000 on or before June 30, 2017; Rs. 5,00,000 on or before July 31, 2017; and Rs. 5,00,000 on or before August 31, 2017. The settlement also included a default clause stating that if Fabtech Projects & Engineers Limited failed to make any of the installment payments, the company petition would be admitted, and Fabtech

Ador Welding Ltd. (Operational Creditor) initiated a company petition against Fabtech Projects & Engineers Limited (Corporate Debtor). The parties subsequently reached a settlement. As part of the settlement, Fabtech Projects & Engineers Limited agreed to pay Ador Welding Ltd. Rs. 25,00,000 in five installments. The payment schedule was as follows: Rs. 5,00,000 on or before April 30, 2017; Rs. 5,00,000 on or before May 31, 2017; Rs. 5,00,000 on or before June 30, 2017; Rs. 5,00,000 on or before July 31, 2017; and Rs. 5,00,000 on or before August 31, 2017. The settlement also included a default clause stating that if Fabtech Projects & Engineers Limited failed to make any of the installment payments, the company petition would be admitted, and Fabtech