JUDGMENT

Lokeshwar Prasad, J.

1.1. The plaintiff, named above, has filed the present suit against the defendant for the recovery of Rs. 6,27,000/- averring that the plaintiff is a private Limited Company, registered under the Companies Act, 1956, having its registered office at J-189, Rajouri Garden, New Delhi and that Shri N.P. Dhawan, the Managing Director of the plaintiff Company, is competent to sign and verify the plaint and institute the present suit on behalf of the plaintiff Company.

1.2. It is alleged that the plaintiff Company inter-alia is engaged in the manufacture and export of readymade garments and as an ' Export House of Garments' the plaintiff had an account with the defendant Bank. The defendant Bank, as per the averments made in the plaint, used to undertake various incidental jobs of Bankers for the plaintiff and as such the defendant Bank had been accepting plaintiff's documents for presentation to and collection of payment from buyers of goods.

1.3. It is further alleged that during the course of its export business, the plaintiff Company arranged for the shipment of four consignments to West Germany and the buyers were M/s Moana Fashions and MiIlon Fashio