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Topics - chinarsh

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Company laws / Consent terms and consent decree
« on: February 13, 2018, 09:14:23 AM »
We obtained a consent decree from court in a financial case however in consent terms filed there is a clause which is ambiguous. Other party wants to breakout of agreement of  consent decree however judge has clearly highlighted important clause & terms of the terms which are non ambiguous in decree order Can he take use of the ambiguous clause and avoid consent decree order 1 yr after decree order was passed

2
We have two companies A and B. Both private limited companies with separate identities, partially having some common directors but no inter relation such to share holding, inter corporate debt etc. Company A owes bank 100 Rs. Company B owes bank 300 Rs. Bank wants to Dona single agreement for settlement of dues for both companies together. Can it be legally done , because both have individual debts to the bank and no joint agreement of takeover of debts and what happens if one company fulfills his part of the debt obligations but the other company fails

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