Philips Lighting India Limited v. Isc Trading Private Limited

$~45 * IN THE HIGH COURT OF DELHI AT NEW DELHI + CO.PET. 393/2014 with 1428/2014 PHILIPS LIGHTING INDIA LIMITED ..... Petitioner Through:

Ms. Milanka Chaudhary with Ms.

Abhilasha Singh, Advocates versus ISC TRADING PRIVATE LIMITED ..... Respondent Through:

Mr. Ruchir Batra with Mr. Hitesh Batra, Advocates

CORAM:

HON'BLE MR. JUSTICE RAJIV SHAKDHER

O R D E R

% 17.01.2018 Learned counsel for the petitioner says that in view of the settlement arrived at with the respondent company he has instructions to withdraw the caption petition. In this behalf of details of post dated cheques handed over by the respondent company to the petitioner is given to the Court. The details of the cheques as given are set forth below:

Cheque No.

Date of Cheque Amount 000751 25.02.2018 200,000 000752 25.03.2018 200,000 000753 25.04.2018 200,000 000754 25.05.2018 200,000 000755 25.06.2018 200,000 000756 25.07.2018 200,000 000757 25.08.2018 200,00

000758 25.09.2018 200,000 TOTAL 1,600,000 The counsel for the respondent company says that the aforementioned cheques will be honoured. The said statement is taken on record. Let an undertaking in the form of an affidavit be filed by the Managing Director/Director of the respondent Company, within one week from today.

The company petition and pending application is dismissed as withdrawn in view of the submissions made above. Liberty, though, is given to the petitioner to revive the Company Petition in case there is default in payment by the respondent company.

RAJIV SHAKDHER, J JANUARY 17, 2018/Nk