By November 2005, VAL maintains it realized Chowbey would not be able to make the capital contributi

In 2004, VAL began looking for investors. Leading Edge, a company that paints commercial aircraft, expressed an interest hotels in orlando with slide pools in acquiring VAL and its assets. When an agreement could not be reached, Chowbey, a senior officer of Leading Edge, expressed an interest in investing. In June 2005, Chowbey and his partner, hotels in orlando with slide pools Joshua Singh, presented a written commitment, hotels in orlando with slide pools representing their intent hotels in orlando with slide pools to provide VAL $1.5 million in operating capital. VAL appointed Chowbey as its president, and he took control of VALs financial activities.
By November 2005, VAL maintains it realized Chowbey would not be able to make the capital contribution he promised, and VAL began seeking alternative investors. It negotiated a sale of 50.2 percent of the business to William Graven for $2.5 million. Graven prepared a letter outlining the terms of the agreement, which the parties all signed, including Chowbey. When it came time to close the transaction, VAL maintains Chowbey convinced Graven to terminate the agreement.
VAL immediately terminated its relationship with Chowbey, hotels in orlando with slide pools and asked him to vacate the premises. hotels in orlando with slide pools VAL alleges it soon discovered Chowbey had embezzled a substantial sum of money from VALs bank account before leaving. Its lawsuit contains causes of action against Chowbey hotels in orlando with slide pools for