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The latest appellant had filed a derivative fit getting Suit Zero

The latest appellant had filed a derivative fit getting Suit Zero

47. 233 from 2004 hoping, inter alia, getting a decree from report the m&a preparations and you may brand new second cooperation agreement are valid, subsisting and you will binding hence the new extent from business of your own joint venture business included brand new produce, product sales, distribution and you can service out-of entire set of chlorination devices also electro- chlorination gadgets hornet ipuçları. An order out of injunction has also been acquired restraining respondent Nos. 1 and you can 2 out-of interfering at all and you will/or stopping respondent No.5 out-of carrying out the providers away from product sales of chlorination gadgets and additionally electro-chlorination devices and that they end up being not permitted to promote their items in India cut and you will except through the joint venture company, in compliance off clause dos.5 of your own Economic and you will Technical Know-How License Contract see to the Additional Cooperation Agreement. Besides this, certain most other reliefs have also been prayed having.

If you are raising difficulty, both to the factors plus legislation, into the wisdom of your own Section Counter of your own Bombay Higher Courtroom making a guide of entire suit in order to arbitration, Mr

forty-eight. 1 and you may dos got ended new mutual-campaign agreements vide sees old 23rd concluded plaint, certain prayer is made one these two observes was indeed completely wrong, unlawful and you can invalid; for the violation of one’s joint venture agreements and of no feeling; and jv preparations was indeed joining and you will subsisting.