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Merely Because Mode Of Payment Differs, Settlement Can’t Be Revoked Unilaterally: Bombay HC
nitish kashyap
3 July 2017 10:10 PM IST
In a peculiar case that came up before the Bombay High Court, a one-time settlement arrived at between petitioner M/s Akhil Fabrics Pvt Ltd and the Central Bank of India was sought to be revoked by the respondent bank on the ground that post-dated cheques were not deposited even though, as per the said settlement, even though the total amount of Rs. 40 lakh was already paid.A bench of Justice...
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