The case involves a company petition (No. 47 of 2017) filed by All Arch India Pvt. Ltd. against Siddhivinayak Infrasystem Pvt. Ltd. before the National Company Law Tribunal (NCLT), Mumbai Bench. The petition appears to be related to a claim by the petitioner against the respondent. The parties have reached an amicable settlement.
All Arch India Pvt. Ltd. filed a company petition (No. 47 of 2017) against Siddhivinayak Infrasystem Pvt. Ltd. before the NCLT Mumbai. The parties reached an amicable settlement where Siddhivinayak Infrasystem Pvt. Ltd. agreed to pay All Arch India Pvt. Ltd. Rs. 12,00,000. This amount was to be paid via cheques with specific dates: Rs. 3,00,000 on 2017-11-16, Rs. 3,00,000 on 2017-12-16, Rs. 3,00,000 on 2018-02-20, and Rs. 3,00,000 on 2018-04-20. The consent terms stipulated that the petitioner would provide two days' prior intimation before depositing the cheques. If any cheque was dishonored, the petitioner retained the right to pursue legal action and claim interest at 18% per annum. Upon realization of the full amount, the petitioner agreed not to file any further
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The case involves a company petition (No. 47 of 2017) filed by All Arch India Pvt. Ltd. against Siddhivinayak Infrasystem Pvt. Ltd. before the National Company Law Tribunal (NCLT), Mumbai Bench. The petition appears to be related to a claim by the petitioner against the respondent. The parties have reached an amicable settlement.
All Arch India Pvt. Ltd. filed a company petition (No. 47 of 2017) against Siddhivinayak Infrasystem Pvt. Ltd. before the NCLT Mumbai. The parties reached an amicable settlement where Siddhivinayak Infrasystem Pvt. Ltd. agreed to pay All Arch India Pvt. Ltd. Rs. 12,00,000. This amount was to be paid via cheques with specific dates: Rs. 3,00,000 on 2017-11-16, Rs. 3,00,000 on 2017-12-16, Rs. 3,00,000 on 2018-02-20, and Rs. 3,00,000 on 2018-04-20. The consent terms stipulated that the petitioner would provide two days' prior intimation before depositing the cheques. If any cheque was dishonored, the petitioner retained the right to pursue legal action and claim interest at 18% per annum. Upon realization of the full amount, the petitioner agreed not to file any further
…Board Resolution authorizing Mr. Yogesh Suresh…
Consent terms signed by authorized…
Sign in to view related legal provisions.