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MOU for Settlement Between Companies by ruchikashyap9934 is a document available to read on EtoBox.

What is MOU for Settlement Between Companies about?

This Memorandum of Understanding outlines a settlement agreement between M/S R. R. KABEL LIMITED and M/S ALLIED ELECTRICAL INDUSTRIES regarding a pending commercial suit for Rs. 42,00,000. The second party agrees to pay Rs. 27,00,000 in five installments, with the first installment due upon execution of the MOU, and the first party will withdraw the suit upon receipt of the first payment. Failure to honor the payment commitments allows the first party to pursue recovery of the full outstanding amount with i

Author

ruchikashyap9934

Language

EN