Preview

Sample Of Totla Ginning Factory

Powerful Essays
Open Document
Open Document
2238 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Sample Of Totla Ginning Factory
02. In short, it is a case of the plaintiff that he is a businessman and proprietor of Totla Ginning Factory, situated at Parli Vaijnath, Tq. Parli Vaijnath, Dist. Beed. The plaintiff is also running another business of supplying heavy water pipe line material with a registered company styled as the E.E.C. Sales Organization, near Laxmi Tower, Parli Vaijnath and his son is proprietor of the said company. However, the entire work of the said company is under the direct management and control of the plaintiff. Defendant no. 03 is a contractor and engaged in the business of carrying the work of heavy water pipe line by obtaining contracts from defendant no. 02. The said work was carried on through the company K.K. Reddy and its registered office …show more content…
Defendant no. 03 had obtained a contract of installation of water pipe line from defendant no. 02 at Majalgaon and other places. Hence, defendant no. 03 was in need of material for the said work. In the year 2004, defendant no. 03 approached to the plaintiff and requested him to supply material for the above work and thereby started buying pipe line and other material from the plaintiff. Defendant no. 03 was making some payment in cash and some payment by issuing cheques to the plaintiff. Due to fair dealing and continuous supply of the material by the plaintiff and payment of bills by defendant no. 03, they have developed a friendly relationship. Defendant no. 03 has gained the confidence of the plaintiff and their relations became good and cordial. Defendant no. 03 was also directing defendant no. 02 to issue the cheques directly to E.E.C. Sales Organization. Accordingly, defendant no. 02 used to issue the cheques of payment of the goods and other material purchased by defendant no. 03 from the plaintiff. In the year 2004-2005 and 2005-2006, defendant no. 03 has directly issued the cheque of Rs.10,32,386/- on 05/05/2005, the cheque of Rs.9,76,761/- on 08/08/2005 and the cheque of Rs.9,20,192/- on 09/08/2005. In the same manner, defendant no. 02 also issued a cheque of Rs.3,00,000/- to E.E.C. Sales and Organization. Due to this, prompt dealing, the plaintiff gained the confidence of defendant no. …show more content…
Thereafter, time to time, the plaintiff contacted defendant no. 03 and requested him to arrange payment of Rs.15,00,000/-, but defendant no. 03 was making sweet promises and giving assurance of making payment. On 02/04/2007 the plaintiff contacted defendant no. 03 and requested him to pay Rs.15,00,000/-, to which defendant no. 03 flatly refused. Hence, the plaintiff approached the office of defendant no. 02 and requested to issue cheques directly to him as per the agreement between the plaintiff and defendant no. 03 dated 07/07/2005, but defendant no. 02 also refused. Defendants no. 02 & 03, in collusion with each other, were trying to get entire pending outstanding amount of the bills and if they succeeded to get release the outstanding bills, then the plaintiff will deprive from recovering due amount from defendant no. 03. The plaintiff is entitled to recover Rs.15,00,000/-, which was advanced to defendant no. 03 as hand loan and Rs.3,00,000/- towards damages as per the agreement dated 07/07/2005, with interest at the rate of 18% per annum. Ultimately, the plaintiff prayed to decree the suit with

You May Also Find These Documents Helpful

  • Good Essays

    Mr. Coalk was hired by UV Systems Technology Inc. As their vice president of sales and Marketing in September 1997. Mr. Coalk entered into contract on February 28, 2000 with UVST and during this period parent company was SSI Ltd. UVST failed to pay entitled commission, expenses and wages. He filed a case for failure of entitled payment under Employment Standard Act. Lower court dismissed the case whereas supreme court overturn lower court judgement by awarding Mr. Coalk $180,000 in missing payment. Court also found that UVST and SSI Ltd. Were common employer so R. Coalk should have signed contract with both parent company SSI Ltd. And parent company UVST (The Common Employer, 2008). I think court made right decision by rewarding Mr.Coalk missing amount.…

    • 613 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Goody’s entered into a contract with Banco to purchase wind suits. On or about July 13, 1994, Goody’s agreed to change the delivery date of the first shipment to September 30, 1994 and assured Banco that the “letters of credit” would be amended appropriately. Around August 23, 1994, prior to the contract delivery date, Goody’s informed Banco that they were terminating the contract. Plaintiff comes to the courts for relieve in the matter to a breach of contract.…

    • 1094 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    This project bears on imprint of many peoples. I sincerely thank to Sir Puranjoy Ghosh and Ma 'am Jinia Kundu, faculty members of KIIT School of Law, KIIT University for providing me an opportunity to do my project work on “ENFORCEABILITY OF CONTRACTS AND BENEFITS OF THIRD PARTY”. Also, I wish to avail myself of this opportunity, express a sense of gratitude and love to my friends and my beloved parents for their manual support, strength, help and for everything .…

    • 2704 Words
    • 9 Pages
    Best Essays
  • Best Essays

    According to the given case, Peter is the managing director of the Waterloo Ltd merchant bank. He has intentionally appointed, Allcard, his best friend as a finance manager. Peter and Allcard misused Waterloo’s resources and managed the company’s finance badly. Waterloo is filing a case against Peter and Allcard.…

    • 1907 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Bank of Nova Scotia Case

    • 1247 Words
    • 5 Pages

    The architect did not agree with this decision and took the case to the court of appeal. The decision of the court appeal was in favour of the architect. The court based its decision on section 64(1) of the Bill of Exchange Act, and decided that the bank was not holder in due course. However, the court denies the amount that the appellant sued for for damages. The court made a statement concerning the amount of damages that needs to pay. The court states that the bank needs to pay 5 dollars to the appellant for damages.…

    • 1247 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    By a letter of offer dated 23.12.1999 the plaintiff granted to Precision Tube Product (M) Sdn Bhd (the 1st defendant) various banking facilities amounting to RM13,960,000.00. The banking facilities were secured by a legal charge over a factory owned by the 1st defendant, a debenture over all assets of the 1st defendant and a guarantee by its 2 directors Jamer Singh (the 2nd defendant) and Tejinder Raj Singh (the 3rd defendant). By a letter of offer dated 28.4.2000 the plaintiff granted to the 1st defendant an additional banking facility of RM1,590,000.00. By a letter of offer dated 29.6.2000 the plaintiff granted to the 1st defendant a further banking facility of RM7,450,000.00. On 23.8.2000 the plaintiff and the 1st defendant entered into a Facility Agreement relating to the aforesaid banking facilities. On 28.8.2003 the plaintiff restructured the various banking facilities granted to the 1st defendant on the security of a supplementary facility agreement which was executed on 2.9.2003. According to the Supplementary Facility Agreement the existing…

    • 2572 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    DHARMODAS GHOSE CASE

    • 2376 Words
    • 7 Pages

    Dharmodas Ghose, a minor, entered into a contract for borrowing a sum of Rs. 20,000 out of which the lender paid the minor a sum of Rs. 8,000. The minor executed mortgage of property in favour of the lender. Subsequently, the minor sued for setting aside the mortgage.…

    • 2376 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    On March 29, 1988, petitioner through its former counsel, Atty. Antonio M. Pery, filed a Complaint to recover the sum of P11,420,000.00 from Asia Trust Development Bank (“Asiatrust” for brevity) and the Central Bank of the Philippines (“CBP” for brevity) before the Regional Trial Court of Makati, Branch 147 (“RTC” for brevity). Thereafter, petitioner filed an amended complaint, impleading additional defendants.iii[3]…

    • 4711 Words
    • 19 Pages
    Powerful Essays
  • Better Essays

    In this case, the appellant carried on the business in fertilizer and food grains. Huge stocks of food grains, fertilizers and other commodities were seized by police authorities. The appellant represented to the state authorities several times that fertilizer be sold otherwise it would become useless. No steps were taken by the authorities to do the needful. At last, the stocks seized were released as the appellant was found to be not guilty of any breach of law. But the appellant refused to take delivery of the stock because of deterioration in quality. He filed a suit to recover the price of the stock by the way of compensation.…

    • 2437 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Facts: Petitioner Francisco, through her daughter, agreed to lease a piece of land where a building should be constructed by the former. The contract provided, among others: the deposit to the account of the lessor-petitioner the amount of 150k representing 30K goodwill money and 120K advanced rental and a stipulation that in case the parties will not agree as to the terms and conditions of the final contract of lease, the pre-lease contract shall be declared null and void and the petitioner shall return the deposit plus legal interest. Before final occupancy, the petitioner declared the pre-lease contract null and void, leased the premises to another lessee and offered to return the 150K deposit. Private respondents refused to accept so that petitioner was prompted to make a consignation of the money with the Court. Private respondents then filed a complaint, hence respondent judge ruled in their favor with an order to pay the amount of deposit plus compensatory interests.…

    • 2457 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    World Food Fair Ltd

    • 567 Words
    • 3 Pages

    World Food Fair Ltd and Hong Kong Island Developing Ltd were negotiating for the grant of a lease of premises in a shopping which was owned by the defendant, Hong Kong Island Development Ltd. A cheque for $200,000.00 was paid as an initial deposit. Then, the tenants were allowed to enter the premises and to carry out alternation work. Finally, the decision of the Court of Appeal was overturned by the Court of Final Appeal on the basis that there was in fact no concluded contract.…

    • 567 Words
    • 3 Pages
    Good Essays
  • Good Essays

    1a

    • 465 Words
    • 2 Pages

    1a) Ally enter into a contract to supply tiles to Kiki which approximately about RM500,000. However, she failed to do so and Kiki wanted to take action against her. In which court shall Kiki apply to and state the reason…

    • 465 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The Natural Gas Case

    • 996 Words
    • 4 Pages

    * This case is about the negotiation of buying a gas between two parties involved – the plaintiff a German company and the defendant an Austrian partnership. On the 18th of December 1990 the plaintiff faxed the defendant with an offer to buy 700-800 metric tons. Meanwhile Austria responded that the ship will be from US for delivery to Belgium and the price is $376 per tone. Additionally a letter of credit was required, since both of the parties haven’t seen each other, which will guarantee seller that the buyer will be able to perform a payment. In order for the plaintiff to distribute a letter of credit, the defendant needs to identify the place of the shipment in USA. Additionally the defendant asked for a larger order from the plaintiff, in order for this to be worth it the time. The agreement for a larger order made the plaintiff to contact with a Dutch reseller with an order of 3 000 tones with a price of $381 per tone. On 2-3 January 1991, another information about the place of the shipment was required from the defendant by the plaintiff, because the bank needs it in order to process a letter of credit. However, on the 7th of January 1991 – the defendant announced by fax that the USA supplier is not agreed on exporting to Belgium, therefore the delivery of the propane is canceled. A claim for $141,131 from the plaintiff forwarded the Dutch company for the increased costs. The plaintiff as well as the Dutch gas reseller sued the defendant to cover their increased costs and the loss of the profit.…

    • 996 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Negligent Misstatement

    • 2291 Words
    • 10 Pages

    On the 11th of August, 2011 the Bank (defendant) offered the Company (plaintiff) two banking facilities. According to Section 2(a) of the Contracts Act 1950, when one person signifies to another his willingness to do or to abstrain from doing anything, with a view to abtaining the assent of that other to the act or abstinence, he said to make a proposal. Based on this offer, the defendant was willing to make a contract with the plaintiff with the intention that it shall become binding to the offeror as soon as it is accepted by the offeree.…

    • 2291 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Takad Carnapping Case

    • 1257 Words
    • 6 Pages

    STATEMENT OF FACTS Bayan Development Corporation (BDC) granted a group loan to SCCPPTODA 2 (Samahan) in the amount of 480,000.00 which is partitioned among its six (6) members. Relative to this, a Kasuduan was entered into by BDC and Samahan on March 2003. Under the said Kasunduan, the six (6) members are to receive EIGHTY-THOUSAND PESOS each, payable for thirty (30) months with thirty-six percent (36) interest rate per annum and that said amount must be for the sole purpose of buying a tricycle. Ma. Teresa Lacsamana, a member of said Samahan, was then extended the amount of EIGHTY-THOUSAND PESOS and as agreed upon, she bought a tricycle which is now the subject of this case. Lacsamana, however, defaulted in her loan. She had her last payment on July 2003, barely four (4) months from the constitution of the Kasunduan. In pursuant to the Kasunduan, Zennie Aguirre, the accounts officer of BDC, pulled-out the subject tricycle from Lacsamana,the latter…

    • 1257 Words
    • 6 Pages
    Powerful Essays