FAST FLOW DEALCOM PVT. LTD. Vs. GRACE COLONIZERS PVT. LTD.
LAWS(CAL)-2015-9-55
HIGH COURT OF CALCUTTA
Decided on September 24,2015

Fast Flow Dealcom Pvt. Ltd. Appellant
VERSUS
Grace Colonizers Pvt. Ltd. Respondents

JUDGEMENT

Arijit Banerjee, J. - (1.) THIS application has been taken out by the defendant praying that the leave granted under Clause 12 of the Letters Patent be revoked, the plaint filed in the suit be taken off the record and the suit be dismissed.
(2.) THE case pleaded in the plaint is that sometime in August, 2010, the defendant approached the plaintiff at its then registered office at 2, Ganesh Chandra Avenue, Room No. 6B, Calcutta - 13 within the jurisdiction of this court for financial assistance for the purpose of expanding its business. An oral agreement was entered into by and between the parties at the aforesaid address within this court's jurisdiction for advancing a loan by the plaintiff to the defendant on the terms and conditions mentioned in paragraph 5 of the plaint. The cheques drawn in favour of the defendant by the plaintiff aggregating Rs. 86,00,000/ - were encashed by the defendant. However, when the plaintiff demanded repayment of the loan, the defendant failed and neglected to do so. In June, 2011 a representative of the defendant went to the plaintiff's then registered office within this court's jurisdiction and agreed to repay the sum of Rs. 86,00,000/ - within 31st July, 2011 and in default to pay interest at the rate of 18 per cent per annum. The defendant failed and neglected to repay the loan within 31st July, 2011 or thereafter. The plaintiff through its advocate's letter dated 20th October, 2011 sent from the advocate's office at No. 6 Old Post Office St. Calcutta - 1, within this court's jurisdiction, demanded repayment of the said loan along with interest from the defendant. In spite of demands, the defendant failed, neglected and refused to repay the said loan or any part thereof. Accordingly, the plaintiff is entitled to a decree for the sum of 92,45,000/ - and decree for interest pendente lite at the rate of 18 per cent per annum. Part of cause of action pleaded in paragraphs 4, 5, 7, 12 and 15 of the plaint arose within this court's jurisdiction and those pleaded in paragraph 16 of the plaint arose outside the jurisdiction of this court. Further the defendant is liable to seek its creditor and make payment of the aforesaid amount to the plaintiff with interest at the plaintiff's registered office which is within the jurisdiction of this court. On the basis of the aforesaid pleadings, the suit was instituted in this court by the plaintiff on or about 20th January, 2012 after obtaining leave under clause 12 of the Letters Patent.
(3.) THE present application was taken out by the defendant on or about 10th April, 2012.;


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