Sir, we are a pharma export company. We get our products manufactured in other companies under loan license. We ordered packing materials lable n ctns. To printer with condition some advance n balance against delivery. We paid him advance as per agreed terms but he failed to give the delivery on agreed date. Due to this our order was canceled. After some time we negotiated with new buyer and agreed to sell them on discounted price. Meanwhile manufacturerinformed us that packing material supplied by the printer is of inferior quality. We communicated with the printer so his person inspected the same n agreed to replace the same. He beg us to give the balance payment as he is in need of money n promissed to replace the pkg material. We issued them cheque with condition that you supply the pkg material n depisit cheque. But he failed to supply the material on time so we stopped the check payment. Till now he has not supplied the materials. He filrd case in 138 agaibst us. Please guide next course of action.
2 Answers from Attorneys
Dear Sir / Madam,
The Bureau of Industrial Costs and Prices (BICP) called the National Pricing Authority (NPA) and the Drug Prices Control Order, 1977 (DPCO) have issued certain guidelines and regulations to manufacturers on the extent, manner and procedures in which drugs can be manufactured on loan license basis. Being at the mercy of loan license parties, makes one go around in circles, because each one points the finger at the other. That is precisely why Simrone Pharmaceutical Industries Limited, Palghar (SPIL) had to close shop for good. Let the Court decide on the matter.
do contact me with details at [email protected]
Related Questions & Answers
Sir, Does written complaint from customer is necessary for reporting any incidence... Asked 8/05/13, 10:15 am in India Banking Law
Sir, What are the conditions for reporting any fraud case of Bank to 1.local police... Asked 8/05/13, 9:35 am in India Banking Law
Dear sir 138 ke case main mujhe pura yakeen hai ki bank ke kuch employee... Asked 8/04/13, 8:47 pm in India Banking Law
Dear Sir The loan was sanctioned by the nationalised by Bank in the Year 1995 and... Asked 8/04/13, 3:19 am in India Banking Law
Can one of the account holder stop operation in sb account with e or s clause? Asked 8/03/13, 8:55 pm in India Banking Law