MULTI COMMODITY EXCHANGE OF INDIA LTD. THR. ITS AUTHORISED RPRES. MR. MANOJ JAIN (C.O.O) vs M/S. MADHYA BHARAT (INTERNATIONAL) PVT. LTD.

PALLAVI COMM APPEAL NO 17 of 2024 MCEX Final.doc MAHENDRA WARGAONKAR 093. ) Through its Authorised representative ) Mr. Manoj Jain (Chief Operating Officer) ) ...Appellant (Orig. Plaintiff) Versus 1. M/s. Madhya Bharat (International) ) Pvt. Ltd. incorporated under the provisions ) of the Companies Act and having its registered ) office at Unit No.630 & 631, Usha Nagar Extn.,) Indore – 452 001, ) Madhya Pradesh. ) 2. Mr. Ram Kumar Agarwal ) having his address at 630, Usha Nagar Extn., ) Indore – 452 001. ) 3. Ms. SnehPrabha Agarwal ) having his address at 630,Usha Nagar Extn., ) Indore – 452 001. ) 4. Mr. Ankit Agarwal ) having his address at 630/631, ) Usha Nagar Extn., Opp. Dashara Maiden ) Indore – 452 001. ) ...Respondents (Orig. Defendants) __________ Mr. Siddhesh Bhole a/w Mr. Ashwin Pimpale and Mr. Apoorva Kulkarni i/b. SSB Legal & Advisory, for the Appellant. Mr. Sunil Chaturvedi i/b. Chiyarajawala & Co., for the Respondents. __________ CORAM : G. S. KULKARNI & ADVAIT M. SETHNA, JJ. RESERVED ON : 15 JANUARY 2025 PRONOUNCED ON : 13 MARCH 2025 Pallavi Wargaonkar, PS COMM APPEAL NO 17 of 2024 MCEX Final.doc JUDGMENT (Per Advait M. Sethna), J. : 1. This Commercial First Appeal