2. The plaintiffs have controverted the above contentions.
CS (OS) No.624/2013 Page 1.
3. The relevant facts in brief are as follows:
The plaintiffs have filed a suit on a Memorandum of Understanding
(MoU) dated 10.07.2010 entered into between plaintiffs and the defendant in
respect of business in the project namely “The Saphhire” in Sector-49,
Gurgaon. Plaintiffs have stated that they had contributed a sum of ` 5.5
crores into that project and they were assured guaranteed profit of
`5,27,20,964/-and were also entitled to recover 50% of the profit. This suit
was filed by the plaintiffs for recovery of ` 2,03,60,482/- and they have also
sought preliminary decree directing the defendant to render the true and
correct account relating to the business carried out in terms of MoU dated
10.07.2010 along with interest and also prayed for the dissolution of the
Source: Indian Kanoon