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HIMACHAL PRADESH HIGH COURT
Judge, J
Chanana Steel Tubes Pvt. Ltd. v. M/s. Jaitu Steel Tubes Pvt. Ltd. and Another
| Table of Content |
|---|
| 1. summary of the plaintiff's claims and allegations against the defendants. (Para 1 , 2) |
| 2. overview of the defendants' denials and objections. (Para 3 , 4) |
| 3. framing of issues by the court. (Para 5 , 6) |
| 4. discussion on the plaintiff's standing and the issue of guarantorship. (Para 7 , 8 , 9 , 10 , 11) |
| 5. jurisdictional analysis and court's findings. (Para 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22) |
| 6. analysis of the interest provision and entitlement. (Para 23 , 24 , 25 , 26 , 27) |
| 7. final ruling and decision on the jurisdiction. (Para 28) |
1. The plaintiff, a private Limited Company duly incorporated under the Companies Act, 1956, has filed the present suit for the recovery of Rs. 11,90,711.10 paise against the two defendants on the following averments : -
The plaintiff is engaged in the business of manufacture and sale of electric resistance pipes, welded M.S. Blocks and galvanised steel tubes of various diameters. It is also engaged in the business of undertaking job works for slitting and galvanising of black steel tubes etc. The defendant No. 2, who was having regular business dealings with the plaintiff, in the year 1987, introduced defendant No. 1 as a
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