Swapnil’s Magic Carpets, a carpet manufacturing firm, hired Fusion Goods, owned by Sinha, to supply raw material. Per the agreement, once an order was placed, Fusion had three days to supply the material. Swapnil took orders and agreed on delivery dates keeping in mind the agreement with Fusion. However, Fusion delayed several deliveries, causing Magic’s…
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Neha is a Mumba-based costume designer who hired Rachna to stitch her designs. Neha and Rachna signed an agreement that included a confidentiality clause. In June 2017, the producers of a movie hired Neha to design the costumes for the film. The producers were going to extreme lengths to keep the casts’ looks under wraps.…
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Sumit’s construction company, La Vista Developers, was hired to build a sports complex in Dehradun. Sumit leased the construction equipment from Prashant for a monthly fee. Unfortunately, when Sumit returned the machinery after completing the project, Prashant noticed that it was severely damaged, and would cost ten lakhs to repair. When Prashant informed Sumit about…
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Ashish leased equipment to Ritti for her gym in November 2017. Under their agreement, Ritti had to pay Ashish 3.5 lakhs per month. The agreement did not have an arbitration clause. Ritti paid Ashish for the first two months but did not pay after that and, by March 2018, owed Ashish 10.5 lakhs. Ashish terminated…
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Sanjay Morey agreed to sell his 1BHK flat in Mumbai to Manoj Srivastav for fifty lakhs. Manoj paid five lakhs upfront and was to pay the balance within two months. After this, they would register the Agreement, and Manoj would move into the flat. If Manoj failed to pay the balance, the Agreement would stand…
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