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
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
DISPUTES BETWEEN THE PETITIONER AND THE
RESPONDENT IN TERMS OF CLAUSE 17 OF BINDING
TERM SHEET DATED 18.08.2018 PRODUCED AT
ANNEXURE-A TO ADJUDICATE UPON ... Term Sheet, reads as under:
"The Parties agree that if any dispute or
difference arises between the Parties with
respect to this Term Sheet
proposal laid down under the term sheet;
term sheet being only a statement of
intent is not binding document ....;
nothing more than letter of intent ... Term Sheet dated 27.08.2014, whereunder parties have
agreed to enter into further definition agreements.
Infact, respondent has admitted that term sheet is a
non-binding
BEHALF OF THE
RESPONDENT IN TERMS OF CLAUSE 18 AND CLAUSE 10 OF THE
BINDING TERM SHEET AND LOAN AGREEMENT DATED 29/11/2017
(ANNEXURES
PETITIONER'S COUNSEL HAVING
CONTENDED THAT THE TERM SHEET IS A NON-BINDING
DOCUMENT / NON-CONCLUDED CONTRACT AND THAT UNDER
THE SAME THE PARTIES ... that the other side has
unequivocally admitted that the term sheet was a
non-binding document between the parties and was
subject to further agreement
PETITIONER'S COUNSEL HAVING
CONTENDED THAT THE TERM SHEET IS A NON-BINDING
DOCUMENT / NON-CONCLUDED CONTRACT AND THAT UNDER
THE SAME THE PARTIES ... that the other side has
unequivocally admitted that the term sheet was a
non-binding document between the parties and was
subject to further agreement
form a
material whole. Loose sheets or scraps of paper
cannot be termed as 'book' for they can be easily
detached and replaced ... collection of sheets of
paper bound together in a manner which cannot be
disturbed or altered except by tearing apart. The
binding
form a
material whole. Loose sheets or scraps of paper
cannot be termed as 'book' for they can be easily
detached and replaced ... collection of sheets of
paper bound together in a manner which cannot be
disturbed or altered except by tearing apart. The
binding
