development of systems for regulation and control of industrial applications whereas defendant No.1 is a company involved in designing, hardware supply, software development and installation etc., whereas defendants No.2 to 4 are its Directors; about 15 years back, the defendants had approached the plaintiff company for procurement of products manufactured by it for their marketing in India and business dealings between the parties began, though, at small level; in the year 2012, the defendants allegedly contracted with a big and important customer namely 'Uflex' and the defendants placed frequent orders with the plaintiff for supply of the material; the plaintiff accordingly did so and allowed the payment period for 60 days but in due course, the defendants started postponing the deliveries and breaching the terms and conditions of making payment of dues. 3. According to the plaintiff, in the month of May, 2012, the defendants had placed an order for supply of material, which was manufactured by the plaintiff but subsequently the defendants cancelled the order to a large extent and took delivery of a very small portion, causing loss to the plaintiff to the tune of Rs.31,39,556/-; the defendants owed a sum of Euro 22,755.30 equivalent to Rs.16,45,890.85/- to the plaintiff but they did not pay the same giving rise to a cause of action to the plaintiff to bring the suit.
