ATO (I) LTD Vs. HINDUSTAN CONSTRUCTION COMPANY LTD

JUDGEMENT

(1.) The Applicant/Operational Creditor and the Corporate Debtor have arrived at an amicable settlement of the dispute between them in the following terms:

(2.) The Outstanding Amount comprises of the principal amount of Rs.2,88,35,000/- (Rupees Two Crores Eighty Eight Lacs Thirty Five Thousand Only) and interest of Rs. 54,78,650/- (Rupees Fifty Four Lacs Seventy Eight Thousand Six Hundred and Fifty Only) .

(3.) The Parties have mutually agreed to settle the claim in the Application for a lump sum amount of Rs.3,15,00,000/- (three crore fifteen lacs only) .