MOTIA SPINNERS PVT LTD Vs. DEBT RECOVERY TRIBUNAL

JUDGEMENT

(1.) THE matter was deferred to see that whether any settlement can be arrived at between the parties. With the efforts of parties, a settlement is arrived at between them and in view of the above, it is prayed that matter may be disposed off.

(2.) THE terms of settlement has not been reduced in writing but informed to this Court and as per the information given to this Court, following order is passed in view of the consent of the parties:

(3.) IT is left open with the respondents to consider the aspect sympathetically and if any decision favourable to the petitioner is taken then the direction at item No. 2 will stand modify accordingly.