It is submitted that the defendantsappeared before this Hon'ble Tribunal and approached theApplicant Bank for amicable settlement and restructuring of theliabilitiesand dues in respectof financial assets in relation toDefendant no.l/BorrowerCompany.The Defendantsjointly and severally,irrevocablyand unconditionally admitted, acknowledged, declared,confirmed, reaffirmed the total outstanding dues of Rs.335.02Lakhs as on 30.06.2025. In pursuance of theproposed amicablesettlement,the Applicant and the Defendants herein had executeda SetUementLetterbearingref' no. IBUFRRG/DEL|2O25-261053 dated23.07.2025, through which the Applicant Bank agreed to settlethe dispute between the parties herein subject to compliance and satisfactionof the terms and conditionson the paft of the Defendantsindividually and collectively as demanded by the letter of acceptance.In terms of Settlement Letter bearing ref. no. IBUFRRG 1DEV2O25-26/053 dated23.07.2025,the Applicanthad agreed to settle the claimfor a settlement amountof Rs.2,07,00,000/- [RupeesTwo Croresand Seven Lakhs Only] as per the instalmentsas moreparticularly described inSettlement Letterdated 23-07-2025 towards the restructuring of theassigneddebt dues. Repayment schedule as described inClause 4 of terms of payment under Settlement Letter bearingref. no. IBUFRRG/DEV2025-26/053 dated 23.07.2025. Asper theterms ofthe aforementionedSetUement Letter, failure to makepayments asper the terms containedin the Settlement Letter dated23.07.2025constitutea Default on the part of the defendants and the settlementshall stand withdrawn and would be treated as null andvoid. It h.as .$gnagreed that in the event of
