As per our conversation company was given a chance for settlement but you can’t pay. so according to your agreement you must present in the Ahmedabad session court and pay total financial loss of the company. payment is not done so your case transferred for further proceeding at an Arbitrary court. An arbitrary and conciliation act 1996 as per an article 14 imposed on you and you need to pay Rs. 92102/- for total loss to our client.
Remedies for breach of contract.
Sec 73 – compensation for loss or damage caused by breach of contract proximate losses not remote/indirect losses.
Sec 74 – compensation for breach of contract where penalty specified.
sec 75 – party who is rightfully rescinding is entitled for compensation.
IPC SECTION SECTION-406, Punishment of Criminal breach of trust Whoever commits criminal breach of trust shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both. The above sections are implemented on you regarding you did not full-fill the terms and condition of your agreement.
Note :- if you are not closing this matter out of court settlement then after clearing this matter you have to attend in the court through physically with your advocate.
If you want to clear the dispute so Pay Penalty Amount of 6999/- INR mentioned below link and share payment receipt and after that we will terminate your contract and we will provide you NOC letter soft copy through mail.
Advocate Associate.
MAYANK SHARMA.
