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% 10.07.2013

1. The plaintiff has sued for recovery of principal sum of Rs.19 lakhs together with interest @ 24% per annum till the date of institution of the suit of Rs.9,05,753.43 paise, i.e. total Rs.28,05,753.43 paise pleading:

(i) that the plaintiff, a Co-operative Group Housing Society had entered into the Agreement dated 6th December, 1999 with the defendant whereunder the defendant undertook to supply, install and commission fourteen Schindler smart machine room less TM 001 lifts/elevators @ Rs.9,30,000/- per lift for a total price of Rs.1,30,20,000/- at the flats to be constructed for the members of the plaintiff Society at Plot No.9, Sector-22, Dwarka, Phase-I, New Delhi;