Rohit and Company v. Loha Ispaat Ltd.
Case brief
What is this about?
Company petition settled out of court. Respondents deposited cheque for settlement amount by consent. Petition admitted if cheque dishonoured under specified terms; otherwise disposed of.
What did the court decide?
Petition disposed of by consent; cheque deposited for Rs.13.51 lakhs; consent terms signed and taken on record.