M/S CSANGO vs UNION BANK OF INDIA

The Supreme Court disposed of the appeal in accordance with the terms of settlement agreed upon by the parties, which included the payment of Rs.3.10 crores by the appellant to the respondent Bank in four installments. The Court emphasized that in case of default in payment, the entire decreetal amount would become payable. The Court accepted the settlement terms and directed adherence to the payment schedule, with interest applicable if payments were delayed beyond the agreed dates.