2017 (12) TMI 1139

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....r>Mr. A.I.S. Cheema And Mr. Balvinder Singh, JJ. For The Appellants : Mr. Anish Dayal, Mr. Jaideep Maheshwari, Ms. Rupam Sharma, Mr. Arjit Pratap Singh and Mr. S.K Singh, Advocates For The Respondents : Ms. Varsha Banerjee, Mr. Milan Singh Negi and Mr. Kunal Godhwani, Advocates ORDER Heard learned counsel for the appellant as well as the respondent. The present appeal has been filed....

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.... and criminal complaint filed by appellant to show that the amount was yet not due for reasons stated. When the matter came up before the learned NCLT, parties for both sides were heard but the learned NCLT did not find the dispute raised by the appellant acceptable and was of the opinion that it was illusory and without legs to stand upon. For reasons recorded the learned NCLT admitted the Ins....

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....he reply which was sent by appellant on 3rd August, 2016, copy of which has been filed. At that time itself the appellants had raised dispute that between the parties there was an understanding that the appellant would be dealing in the articles received from the respondent and when the purchase order is executed & payment is received Appellant will pay. Dispute was raised that in spite of such un....

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....at there was no written document of dealership executed. At this stage learned counsel for the appellant points out Para 7(iv) from the counter filed by respondent where the Respondent admitted contents of Para 7(iv) of the Appeal and clearly admitted that there was relationship between the appellant and the respondent of dealer and principal. Looking to the record, we find substance in the arg....