Tribunals and CommissionsDivision Bench(2021) 03 NCLT CK 0654

Kotak Mahindra Bank Ltd vs M/s. East Coast Construction & Industries Ltd

National Company Law Tribunal · Decided on 10 March 2021

HON’BLE JUDGES
B. Anil Kumar, Member (Technical) · R. Sucharitha, Member (Judicial)
CASE NUMBER
IBA/487/2020

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Judgment

4 paragraphs · 69 words

ORDER

Ld. Counsel for the Applicant states that he has filed a Memo dated 17.02.2021 vide SR.No.936.

Ld. Counsel for the Respondent states that the Respondent has given a One Time Settlement proposal to the Applicant (Kotak Mahindra Bank Limited). The same has been accepted by the Applicant vide letter dated 11.01.2021.

Accordingly, this IBA/487/2020 is hereby dismissed with liberty, since the matter has been settled out of Court.