KGF COTTONS PVT LTD vs HALDLRAM SNACKS PVT LTD

Judgment text excerpt

$~58 * IN THE HIGH COURT OF DELHI AT NEW DELHI + FAO(OS) (COMM) 42/2025, CM APPL. 17317/2025 & CM APPL. 17318/2025 KGF COTTONS PVT LTD .....Appellant Through: Ms. Liza Arora, Adv. versus HALDIRAM SNACKS PVT LTD .....Respondent Through: CORAM: HON'BLE MR. JUSTICE C.HARI SHANKAR HON'BLE MR. JUSTICE AJAY DIGPAUL JUDGMENT (ORAL) % 25.03.2025 AJAY DIGPAUL, J. CM APPL. 17318/2025 1. Exemption allowed subject to all just exceptions. 2. The application stands disposed of. FAO(OS) (COMM) 42/2025 & CM APPL. 17317/2025 (Stay) 3. The present dispute arises from a contractual relationship between the Appellant, KGF Cottons Pvt. Ltd.1, and the Respondent, 1 “KGF”, hereinafter Signature Not Verified Signed By:SHILPI FAO(OS) (COMM) 42/2025 Page 1 of 10 Signing Date:29.03.2025 13:40:16 Haldiram Snacks Pvt. Ltd.2, stemming from the importation of crude palm oil (edible grain) by KGF through its orders placed with Coral Products Pvt. Ltd.3, a company that was amalgamated with Haldiram on 25 April 2014. 4. Between January 2011 and May 2013, KGF placed multiple orders with CPPL for the importation of crude palm oil from foreign suppliers, with deliveries made to Kakinada, Telangana. The goods imported by CPPL in response to these orders were sold to KGF through various High Seas Sales Agreements (HSSAs). The Appellant, KGF, asserts that during the course of these transactions, payments were made as per the invoices raised by CPPL, and the Appellant fulfilled all its financial obligations under the HSSAs. 5. However, the Respondent claims that an outstanding balance of Rs. 8,49,40,929.91/- remained unpaid by KGF as of 31 May 2013. This claim was based on an acknowledgment letter allegedly signed by KGF on the same date, confirming the outstanding liability. KGF denies the existence of this a