2.1 The appellant, a private limited company, filed a suit for recovery of Rs. 3,08,343/- against the present respondent, pleading that both parties were engaged in the business of fancy lights, wherein since the year 2012-13 the present respondent used to purchase lights from the appellant; that the appellant had been raising bills for the material purchased by the respondent against oral orders; that the respondent had been taking delivery of the purchased goods either directly or through transporters; that the appellant in regular course of business was maintaining a running account in respect of business transactions between the parties; that the respondent had been making payments by way of cheques delivered in Delhi; that as on 01.01.2015, the respondent owed a sum of Rs. 3,08,343/- to the appellant towards consideration of the material already sold and supplied since 30.12.2013, so the appellant started refusing to supply further material till payment of outstanding dues was made by the respondent; that when despite repeated requests by way of telephonic communications and personal visits of representatives of the appellant, the outstanding liability was not discharged by the respondent, a demand notice through counsel was served by the appellant on the respondent, calling upon the latter to pay Rs. 3,08,343/- with interest at a rate of 12% per annum with effect from 01.01.2015, but despite service of notice, the respondent failed to pay the outstanding amount; that since business of the appellant is in Delhi and the