Legal12 Jun 2025, 06:43 pm
Harish Textile Engineers Settles Matter with Ramdev Resins, Pays Rs. 28 Lakhs
AI Summary
Harish Textile Engineers Ltd. has settled a matter with Ramdev Resins Private Limited, as per a Memorandum of Understanding (MOU). The company made a full and final settlement payment of Rs. 28,41,111. A No Due Certificate has been received from Ramdev Resins, confirming the settlement. The parties will file detailed consent terms with the Hon’ble High Court of Bombay.
Key Highlights
- Harish Textile Engineers settles matter with Ramdev Resins through MOU
- Company pays Rs. 28,41,111 as full and final settlement amount
- Received No Due Certificate from Ramdev Resins
- Parties to file detailed consent terms with Hon’ble High Court of Bombay
- Settlement results in reversal of excess interest provided