Stay order
RAMAWATAR PAREEK
(Querist) 05 July 2012
This query is : Resolved
hello
sir i am a distributor of Tv electronic from 3 year , but now company want to create a another distributors for all assam , but ihave carry aprox 3 cror credit in market and holding stock aprox 40 lakh.
so for these reason i want to take a stay order from court against company for a some time .
please sugest can i take a stay order or any sugessation
Adv.R.P.Chugh
(Expert) 05 July 2012
Dear Querist,
A stay can be taken when a party to the contract apprehends that the other party may breach the terms of the contract. An injunction against breach of contract is granted only when Specific Performance would be granted in that case eventually.
Whether you'd get a stay or not depends on the agreement (distribution agreement ??) you signed with the company.
