Settlement agreement for a defaulted debt, with a revival clause

[On an e-stamp certificate of the value chargeable under Article 5 of the State schedule, in the name of the Borrower]

SETTLEMENT AGREEMENT

THIS SETTLEMENT AGREEMENT is made at [Place of signing the Settlement Agreement] on this [Day of the month the agreement is made] day of [month, year]

Among

(1) [Name of the lender], [a banking company constituted under [statute] / a non-banking financial company incorporated under the Companies Act 2013 bearing CIN [CIN]], having its [registered / head] office at [Lender's registered or head office address] and acting through its [branch / asset recovery] office at [Lender's branch or asset recovery office address], hereinafter called the “Lender”;

(2) [Name of the borrower], a company incorporated under the Companies Act [1956 / 2013] bearing Corporate Identity Number [CIN] and Permanent Account Number [Borrower's PAN], having its registered office at [Borrower's registered office address], hereinafter called the “Borrower”; and