What are the legal implications of a judicial settlement agreement concerning an outstanding debt?

A judicial settlement agreement concerning an outstanding debt entails the division of payment into specified installments. However, the entire remaining amount becomes immediately due and payable if the debtor defaults on payment within the specified deadlines for a certain period. The court is obligated to ratify this settlement and render it binding upon the parties, in accordance with Article (29/2) of the Commercial Courts Law, and the principles of Islamic Sharia, which advocate for reconciliation, as evidenced by the Almighty Allah's saying: 'And reconciliation is best,' and the saying of the Prophet (peace be upon him): 'Settlement is permissible among Muslims, except for a settlement that makes lawful what is unlawful or makes unlawful what is lawful.'