Disposed
The Kapol Co-Op.Bank Ltd., v. Lalitchandra R.Sanghavi
Bombay HCINPT/17/2005
Case brief
AI extract
What is this about?
Debtor in insolvency petition proposes one-time settlement to bank; court orders interim Rs.20,000/- payment and stays proceedings pending bank's final decision on settlement proposal.
What did the court decide?
Debtor granted one week to propose one-time settlement; ordered to pay Rs.20,000/- to bank on or before 7th October 2006; proceedings stayed pending bank's decision.