• Hindustan Petroleum Corporation [Ist agreement] for a period of 10 years - Pursuant to that, the petitioner continued as a dealer of the Corporation - During the 2nd agreement 1st agreement terminated - There is no inconsistency in the terms and conditions of both the contracts i.e. 1st contract and 2nd contract and thus, there is neither any substitution of terms and conditions of the 1st contract in the 2nd contract nor there is any alteration, therefore, it does not fall within the definition of `novation of contract' except for the matter that the period of 5 years have been given only on the basis of 1st contract - Contract Act, 1872 (9 of 1872) S. 72. (183) P.L.R. 

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