This order accepted a Demand Draft of Rs.10,00,000/- tendered by the second respondent towards part satisfaction of a decree of Rs.1,70,00,000/- as bonafide in a bankruptcy/insolvency matter, and adjourned the matter for filing a payment schedule.
Recorded payment of Rs.10,00,000/-; adjourned for payment schedule.
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A. (IP) No.159 of 2016 in
IP. No.25 of 2014
Dr.G.JAYACHANDRAN, J. and
C.V.KARTHIKEYAN, J.
The second respondent herein who suffers a decree of Rs.1,70,00,000/- with interest at the rate of 18% per annum from 19.07.2013 till the date of realisation with costs, has now come forward with a memo stating that he is ready to settle the decree amount with a span of seven months.
Dr.G.JAYACHANDRAN, J.
and C.V.KARTHIKEYAN, J.
satisfaction of decree is recorded. The matter is adjourned to 15.11.2023 for filing schedule for payment.
(Dr.G.J, J) & (C.V.K,J) 01.11.2023
rkp
A. (IP) No.159 of 2016 in IP. No.25 of 2014
Official Assignee, High Court of Madras
2nd Respondent
Dr.G.JAYACHANDRAN
C.V.KARTHIKEYAN
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
