Vishal Printing Press v. Saraya Industries Limited
Case brief
What is this about?
The Single Judge bench disposed of a winding up petition where the parties had settled the dispute and signed an agreement. The Court approved the settlement terms and granted liberty to reinstate proceedings in case of default.
What did the court decide?
The petition disposed of on terms of the settlement agreement, with liberty to the petitioner to revive the winding up petition in case of default.