2023 (9) TMI 1457

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....respondent The Court:. The dispute between the parties arises out of an Agreement dated 1st  April, 2014 and relates to the petitioner procuring coal from the respondent who in turn was to procure the coal from the open market. The petitioner, in essence, is the buyer and the respondent a supplier. The petitioner says that the respondent acted as an agent for the petitioner to procure t....

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....eement of 1st April, 2014. The petitioner admittedly committed defaults in 2019 and a brush with CIRP proceedings thereafter. The petitioner however repaid the principal sum of Rs.13 crores in 2023 although the respondent disputes this fact. The dispute now revolves around the respondent retaining certain goods as security and the petitioner claiming release of those goods. The fact of a dis....