Vishal ran a hardware store that sold wire, screwdrivers, hammers, etc. His longtime supplier was Kumar Tools. Vishal usually placed large orders, worth several lakhs of rupees, and after they were delivered, paid within two months. In January 2010, Vishal ordered goods worth Rs 3 lakh. As usual, Kumar Tools delivered and raised an invoice.…
Dinesh owns Splendid Renovations, a renovations company. The Naidu family hired the company to do up their New Delhi home. Since the Naidus were acquainted with Dinesh’s childhood friend Ranka, he agreed to their request to pay the five lakh fee in instalments. The Naidu’s paid Splendid Renovations Rupees 3 lakhs, which covered the cost…
Yogesh Sablawat owned Variety Electronics, a small consumer electronics store. Variety Electronics was the only source of income for the Sablawat’s. In March 2013, Yogesh ordered electronics worth over Rs 13 lakhs from his regular supplier, All-Time Goods. To Yogesh’s surprise products worth Rupees ten lakhs were faulty, and customers returned them. He informed this…
Anand Arora purchased health insurance cover of Rs 20 lakhs from Sunbeam Insurance Co. He ensured full disclosure of all existing medical conditions in the application. Anand got severe jaundice in December 2009, and doctors advised hospitalization. His condition worsened and while testing, the doctors found a tumour on Anand’s back, which required surgery. The…