incurred huge expenses, the
complainant issued termination notice on 11.09.2014
terminating the MOU dt.16.06.2014. The complainant
presented remaining two cheques ... deposited during the
subsistence of MOU. It is pertinent to note that once MOU is
terminated , there exists no liability on the part
MOU at the same cost as agreed in
MOU. The applicant admitted to fulfill his part
of contract as per the MOU ... MOU and not otherwise. He emphasized on clause (1) of the
MOU wherein it is stated that MOU could be terminated only
with the written
Respondents (except Respondent No.
3) wherein it was agreed that the MoU stood terminated and cancelled
and the parties would be restored to pre-MoU ... Settlement.
Moreover, even the Settlement clearly mentions that the
previous MoU stood terminated.
b. Reliance on the Settlement for reference of disputes to
arbitration
MOU at the same cost as agreed in
MOU. The applicant admitted to fulfill his part
of contract as per the MOU ... MOU and not otherwise. He emphasized on clause (1) of the
MOU wherein it is stated that MOU could be terminated only
with the written
MOU at the same cost as agreed in
MOU. The applicant admitted to fulfill his part
of contract as per the MOU ... MOU and not otherwise. He emphasized on clause (1) of the
MOU wherein it is stated that MOU could be terminated only
with the written
MOU at the same cost as agreed in
MOU. The applicant admitted to fulfill his part
of contract as per the MOU ... MOU and not otherwise. He emphasized on clause (1) of the
MOU wherein it is stated that MOU could be terminated only
with the written
Works.
5. It is not disputed that the petitioner has terminated the MoU. Thus,
there is merit in the petitioner's contention that ... against the petitioner. She
also submits that since the petitioner has terminated the MoU and excluded
the respondent from participating in execution of the Works
Bank. The clause No. 7.2 stipulates that
parties may terminate the MOU by reason of any default by the
other, of any of the terms ... Unless such
default is cured within said thirty days period, the MOU shall
terminate on the 60 days after such notice is given. So, with
Hence, complainants had given notice to
opponents and asked opponents to terminate the MOU executed by them
and refund the amount alongwith interest ... However, opponents had
not terminated the MOU executed by them in favour of complainants and
assured complainant to give possession of flat in due course
Petrol Pump. The MOU
stipulated that the default in payment of complete amount would render the MOU
terminated and the amounts paid under the same
