In an insolvency matter, the single-judge bench observed that the judgment debtor and creditor had submitted signed Consent Terms. Being satisfied that the agreement was voluntary, the Court recorded the terms and disposed of the Notice of Motion accordingly.
The Notice of Motion was disposed of in terms of the submitted Consent Terms.
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93-NMIS14-16.DOC
Shephali
IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN ITS INSOLVENCY JURISDICTION NOTICE OF MOTION NO. 14 OF 2016
IN
INSOLVENCY NOTICE NO. N/29 OF 2015
PID Private Limited…Judgment Creditor
Versus
Firoze A. Nadiadwala…Judgment Debtor
Mr. Keegan Almeida, i/b Kanga & Co., for the Judgment Creditor.
Mr. Ashok Bhatia, with Mr. Tripathi, for Mr. Arif Bookwala, for the
Judgment Debtor.
CORAM: G.S. PATEL, J DATED: 15th March 2016
PC:-
1.The Judgment Debtor and Judgment Creditor have entered
into Consent Terms. They have tendered these Consent Terms.
The Consent Terms set out the agreement between the parties.
They are signed by the Judgment Debtor and on behalf of the
Creditor and by their respective Advocates. The signatories are
present in Court. I am satisfied that the Consent Terms are entered
into by the parties on their own volition. The Consent Terms are
taken on record and marked “X” for identification.
1 of 2
93-NMIS14-16.DOC
2.The Notice of Motion is disposed of in terms of these
Consent Terms.
(G. S. PATEL, J.)
2 of 2
2 issues framed by the court
Whether the Notice of Motion should be disposed of in accordance with the submitted Consent Terms.
Whether the Court is satisfied that the agreement was entered into voluntarily.
PID Private Limited
Firoze A. Nadiadwala
Arif Bookwala
G.S. PATEL
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court