Idbi Trusteeship Service Ltd vs Nirmal Lifestyle Limited on 15 May, 2023
13. We do not find any distinguishing feature of the Judgment in Himadri
Foods Ltd. In the above case also, consent terms contemplated event of
default and gave liberty to report the matter. In the present case also,
Company Petition was disposed of taking settlement on record and when
Clause 10 of the Settlement specifically contains an undertaking by the
Corporate Debtor for revival, corporate debtor can not be allowed to go back
from its commitment as was made in the settlement.