Devendran Coal International Private Limited initiated a corporate insolvency resolution process against Sripathi Paper & Boards Private Limited. To resolve the matter, both parties agreed to a settlement and formalized it in a De Novo Memorandum of Compromise. As part of the settlement, Sripathi Paper & Boards Private Limited committed to paying a specific amount to Devendran Coal International Private Limited. Sripathi Paper & Boards Private Limited issued a series of cheques with varying dates and amounts, totaling Rs. 3,30,80,143/-, to Devendran Coal International Private Limited. The Memorandum of Compromise included a clause allowing Devendran Coal International Private Limited to revive the application if any of the payment terms were breached. The

Devendran Coal International Private Limited initiated a corporate insolvency resolution process against Sripathi Paper & Boards Private Limited. To resolve the matter, both parties agreed to a settlement and formalized it in a De Novo Memorandum of Compromise. As part of the settlement, Sripathi Paper & Boards Private Limited committed to paying a specific amount to Devendran Coal International Private Limited. Sripathi Paper & Boards Private Limited issued a series of cheques with varying dates and amounts, totaling Rs. 3,30,80,143/-, to Devendran Coal International Private Limited. The Memorandum of Compromise included a clause allowing Devendran Coal International Private Limited to revive the application if any of the payment terms were breached. The