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Showing contexts for: Imperia Structure in Ambawatta Buildwell Pvt Ltd vs Imperia Structure Limited & Ors on 10 May, 2019Matching Fragments
4. The Re-purchase Agreement filed by the defendants themselves is as under:
"RE-PURCHASE AGREEMENT This re-purchase agreement ("Agreement") is made and executed at New Delhi in this 2nd November 2012, Between: Imperia Structures Limited, a company duly incorporated under the Companies Act, 1956, having its office at A-25, Mohan Cooperative Industrial Estate, New Delhi-110044 acting through Mr. Harpreet Singh Batra, Director (hereinafter referred to as "Imperia", which expression shall unless repugnant to the meaning or context hereof be deemed to mean and include its successors and permitted assigns) of the FIRST PART.
AND AMBAWATTA Buildwell Pvt. Ltd. a company duly incorporated under the Companies Act, 1956, having its office at 267 Chattarpur Mehrauli, New Delhi acting through Mr. Vinod Kumar, authorized representative (hereinafter referred to as the "AMBAWATTA", which expression shall unless repugnant to the meaning or context hereof be deemed to mean and include its successors and permitted assigns of the SECOND PART. WHEREAS:
A. Under MOU dated 26th November 2010 entered into between Imperia Structures Limited and Krrish Realtech Private Limited ("MOU"), Imperia had purchased residential plots of different sizes totalling to 10,000 square yards in the Project at Sector 62, 63 at Gurgaon, Haryana at the rate of Rs.29,200 per square yard (excluding EDC/IDC/Government charges/taxes) wherein total payment of Rs.11,70,000.00/- (Rupees Eleven Crores and Seventy Lacs Only) was made by Imperia to Krrish;
4. For remaining area of 2000 square yards terms mentioned in MOU dated November 2010 between Imperia Structures Limited and Krrish Realtech Private Limited, shall remain valid and Imperia will get plots measuring 240, 360, 500 Sq Yards in proportion of 40:40:20 and Imperia will be free to deal with and / or sell in market 2000 square yards area in any manner it deems fit.
5. AMBAWATTA shall be free to deal with and / or sell in market 2490 sq. yards in any manner it deems fit after making balance payment of Rs.4,55,00,000/- (Rupees Four Crores and Fifty Five Lacs Only) to Imperia.
Thanking you Yours faithfully, Imperia Structures Limited Sd/-
Authorised Representative"
32. A perusal of the FIR shows that the same has been copied from a complaint in writing which was filed by the defendant with the Police. The counsel for the defendant/Counter Claimant on enquiry states that the defendant/Counter Claimant had lodged a complaint with the Magistrate under Section 200 read with 156(3) of the Criminal Procedure Code, 1973 (CrPC) and the FIR is the exact reproduction of the said complaint filed with the Magistrate.