arisen pursuant to a term sheet dated 26.11.2015
(hereinafter referred to as the "Term Sheet"). The Term Sheet was signed
between Oravel Stays ... respondent. The
Term Sheet is reproduced as under -
"SUMMARY OF PRINCIPAL TERMS
This preliminary term sheet ("Term Sheet'') sets forth
thus:-
"TERM SHEET
This Term Sheet dated and effective as of October ______2015 ("Term Sheet"
sets out the indicative terms of understanding ... either party of the
provisions of this Term Sheet (upon the
Term Sheet becoming binding upon the
parties), the other party shall be entitled
suffix to the Term Sheet at certain places above,
it is agreed that the Term Sheet shall be binding
upon the parties to the following ... only during the Term,;
(i) During the Term, the Sellers and the Buyer
shall abide by the terms of this Term Sheet. Also,
the Seller
Term Sheet and the Collaboration Agreement
dated 19th October, 2012 would not have been at variance
with each other.
If Term Sheet was a binding ... Term Sheet alone. However,
the parties were aware that the Term Sheet was only a
preliminary document with no binding effect. Thus the
parties
said term sheet provided for a main
Transaction Document to be subsequently executed, but the same was a
mere formality and the term sheet ... defendant had a term sheet of
a date earlier than the date when the plaintiff signed the term sheet with
the owner of the property
Arbitrator to
adjudicate the disputes between the parties arising out of Binding Term
Sheets dated 10.05.2021.
2. The binding term sheet is executed between ... respondent company. The term
sheet pertains to supply of medical equipment and oxygen concentrators.
This term sheet is stated to be the contract between
that "the parties were acting
upon the Term Sheet and the Term Sheet (was) a binding document".
18.2 Qua Issue 5
18.2.1 This ... under
the Term Sheet as instructed by the Respondent. The said
obligations were performed in compliance of the Term Sheet
which was binding
after discussions, the applicant and the respondent entered into a binding Term Sheet on 17.6.2011 and a Consultancy Agreement for technical services ... that for the services provided by the applicant under the "Binding Term Sheet", they were to be paid
made in the petitioner No.1-company, a
binding term sheet has been entered into on
May 2017, where under the respondent ... documented
by way of agreements under the memorandum of
understanding, a binding term sheet as also by
issuance of share certificates.
13. Any dispute that
first respondent in COMAP No.208/2024 executed "a
Binding Term Sheet" (for short "BTS") on 27.09.2011,
according to which ... common case of the parties that the
'Binding Term Sheet' entered into on 27.09.2011 is the
agreement entered into between the parties
