M/s.Kotak Mahindra Bank Limited, v. M/s.Amr Constructionslimited
Case brief
What is this about?
On a petition to wind up the respondent company for non-payment of debt, the court closed the petition after parties entered into a settlement for installment payments, granting liberty to revive the petition upon default.
What did the court decide?
Company petition closed with liberty to seek revival upon default; interim relief application disposed of as infructuous.