To
The eminent fellow experts
In an agreement for "Supply, Installation & Commissioning" of a machine payment clause inter alia state that'75% of the total payment wiill be made when the machin reached at site'.
However the machine though reached at site but it was not functioning at all.The supplying party claimed 75% of the amount on the basis of the above referred clause.
Our company refused to release the payment because the machine is a defective one.
Does the Supplier acquire any legal right to claim 75% of the total sum on the basis of the referred pavment clause?
What will be the legal step(s) our company can take against the supplier of the machinery(defective) ?
Regards
Abhijit
