Supreme Court · 2019 INSC 26 · Decided 7 January 2019
Punjab Financial Corporation v. M/S Paulbro Leathers PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 2019 INSC 26 · [2019] 1 S.C.R. 83
- Case number
- CIVIL APPEAL No. 118/2019
- Decided
- 7 January 2019
- Bench
- ABHAY MANOHAR SAPRE, R. SUBHASH REDDY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Settlement - One Time Settlement (OTS) - Respondent defaulted in repaying the loan taken from appellant-Corporation - In terms of OTS policy, matter was referred to Chartered Accountant to determine the remaining outstanding balance amount payable by the respondent to Dispute arose even after the settlement as to the liability determined and worked out by the Chartered Accountant - Demand of Rs.49 lacs raised on the respondent - Respondent filed writ petition before the High Court, which was allowed on the ground that since the whole issue was
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