parties were to be bound only on signing of a written contract/MOU.
According to Mr. Kodianthara, the plaintiffs cannot be permitted to
abandon their ... alleged antecedent contract based on emails, when infact, the prayer is for
declaring concluded contract on the basis of the unsigned MOU (Exhibit
coercion. Once the contract is substituted by a new contract, the old contract does not subsist. In a contract which is substituted or abrogated ... view of fresh contract between the parties.
20. In any case, whether fresh contract/MoU is void or not on the ground of economic duress
Service Contract was executed. Privity of contract to
Service Contract involved the very same parties as the parties to the
MOU, with ONGC now being ... executed a subsequent contract on the same
subject, they had moved on from the inter se positions contracted in the
MOU. In any case
Service Contract was executed. Privity of contract to
Service Contract involved the very same parties as the parties to the
MOU, with ONGC now being ... executed a subsequent contract on the same
subject, they had moved on from the inter se positions contracted in the
MOU. In any case
Service Contract was executed. Privity of contract to
Service Contract involved the very same parties as the parties to the
MOU, with ONGC now being ... executed a subsequent contract on the same
subject, they had moved on from the inter se positions contracted in the
MOU. In any case
coercion. Once the contract is substituted by a new contract, the old contract does not subsist. In a contract which is substituted or abrogated ... view of fresh contract between the parties.
20. In any case, whether fresh contract/MoU to void or not on the ground of economic duress
fields as also the provisions of the Production Sharing Contract. Significantly, the Production Sharing Contract for Block KGD6 was executed as far back ... SCHEME REFERRING TO THE MOU. OF THE SCHEME REFERRING TO THE MOU. OF THE SCHEME REFERRING TO THE MOU.
52. Some of the extract from
submitted relying on Clause 26 of the MOU that the MOU is not a concluded contract. Clause 26 reads as under:
26. The above terms ... bound by the MOU. In my opinion, the whole debate on the question whether the MOU is a concluded contract between the parties
immediately encashable. According to it, time was
of essence of the contract, the contract having been entered into expressly
on the footing that ... November
2004 part of the contract ? And if the contract was contained only in the
MoU and the Addendum, what is the correct interpretation
immediately encashable. According to it, time was
of essence of the contract, the contract having been entered into expressly
on the footing that ... November
2004 part of the contract ? And if the contract was contained only in the
MoU and the Addendum, what is the correct interpretation
