1. The Appellant/Respondent/Defendant has filed the instant Second Appeal as against the Judgment and Decree dated 29.06.2004 in A.S.No.140 of 2000 passed by the Learned Principal District Judge, Madurai in reversing the Judgment and Decree dated 20.03.2000 in O.S.No.1227 of 1995 passed by the Learned II Additional Subordinate Judge, Madurai.

2. Plaint Facts:

(i) The Respondent/Appellant/Plaintiff is a limited Company incorporated under the Indian Companies Act. One of the Directors of the Respondent/Plaintiff Company B.Sundarapandian, is empowered to sue and be sued on behalf of the Company as per resolution of meeting of the Board of Directors of the Respondent/Plaintiff Company dated 27.04.1993.

(ii) The Respondent/Plaintiff is a manufacturer of wheat flours at Madurai City. The Appellant/Defendant is running a flour mill at Kottayam, Kerala State. The Appellant/Defendant for the purpose of its business approached the Respondent/Plaintiff at Madurai Town for the supply of Wheat, which is the raw material for the flour mill of the Respondent/Plaintiff.

(iii) According to the Respondent/Plaintiff it was willing to supply Wheat to the Appellant/Defendant on the specifi