Clinching evidence
• Pramod Gupta, REL's assistant vice president, wrote to DTEPA chairperson on February 12, 2005 (REL/CTS/2005/7) that REL has "finalised the technical and commercial negotiations and have issued the LOI on Faebruary 12, 2005, to M/s Ducon Technologies Inc'. The clause 2a of the LOI (REL/CPG/FGD/DUCON/1. Letter from REL vice president V K Agarwal to Aron Govil, CEO and president, Ducon, USA)read: "This contract shall be deemed to have become operative