International Trade Division started in partnership between the parties through this agreement, did import and export business from September 2009 to August 2010; that he was given authority to deal in aluminum scrap of the Company and, for that purpose, a bank account was opened in the name of the Plaintiff Company, which the Defendant was authorised to operate jointly; that the Defendant assumed the entire responsibility of the International Trade Division of the Plaintiff, and particularly for collection of dues payable to the Plaintiff by, or payments to be made by the Plaintiff to, two parties, namely, RAS Exports, UK and Grit Overseas Pte Limited, Singapore. It is the Plaintiff's case that, a sum of Rs.43,97,256/- was payable to M/s. RAS Exports Pvt. Ltd., whereas a sum of Rs.82,54,964/- was due and receivable by the Plaintiff Company on account with M/s. Oak Enterprises, Ivory Coast, West Africa for settlement liabilities of Grit Overseas Pte Limited and Reliance Industries Group Hongkong Company Limited, China. Apart from these liabilities, a sum of Rs.43,00,000/- was recoverable from M/s. Luminum Metaltech, a partnership in which the Defendant was a partner. The Plaintiff submits that the Defendant has acknowledged his personal responsibility for collection/recovery of money from Oak Enterprises to settle the account of M/s. Grit Overseas and also to settle the dues payable by the Plaintiff to M/s. RAS Exports Ltd., England by affirming an affidavit to that effect.
