Inox Wind Limited Vs Barkat Cranes & Equipments Private Limited

National Company Law Tribunal, Mumbai Bench Court VI 14 Mar 2024 C.P. (IB)/1125(MB)2023 (2024) 03 NCLT CK 0048
Bench: Division Bench
Result Published

Judgement Snapshot

Case Number

C.P. (IB)/1125(MB)2023

Hon'ble Bench

K. R. Saji Kumar, Member (J); Sanjiv Dutt, Member (T)

Advocates

Yash Wardhan Tiwari, Avinash Joshi

Final Decision

Disposed Of

Judgement Text

Translate:

1. Counsel for OC and CD jointly tendered the Settlement Agreement  between the parties and submit that the matter is settled and the C.P. may be allowed to be withdrawn.

2. Having considered the Settlement Agreement and heard both the Counsel for OC and CD, the C.P. is allowed to be withdrawn with liberty to the  OC to revive the C.P. by filing an affidavit, in the event of failure of any of the conditions as set out in the settlement agreement, more particularly, Paragraphs 1 and 3 as to the payment of the default amount.

3. The CD will also have liberty to raise the matter in the event of violation of  the terms of the Settlement Agreement. The main C.P. is disposed of as  withdrawn.

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