Tata Capital Financial Services Limited v. M/S. Saber Papers Limitedand 4 Ors.
Case brief
What is this about?
This arbitration petition was disposed of based on mutually agreed consent terms. The petitioner accepted undertakings from the respondents to withdraw a criminal proceedings filed under Section 138 of the Negotiable Instruments Act upon receipt of payment.
What did the court decide?
Consent terms accepted; undertaking to withdraw criminal case under S. 138 NI Act on payment accordance.