Oral Agreement on Water Lifting Ruled Unenforceable, Breaches Section 297 of the Companies Act. Contract Avoidance Moot.

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....Enforceability and validity of Oral Agreement - oral agreement for lifting water, exists or not - The first Appellate Court rightly came to the conclusion that there has been a breach of Section 297 of the Companies Act. Since I have held that a oral contract of this nature cannot bind the defendant, the question of avoiding such a contract also does not arise. - HC....