M.K.SHARMA
CROMPTON GREAVES LIMITED – Appellant
Versus
HYUNDAI ELECTRONICS INDUSTRIES COMPANY LIMITED – Respondent
( 1 ) IN this suit instituted by the plaintiffs against the defendants seeking for a decree for specific performance of the Joint Venture Agreement dated 23. 8. 1996 and also for a declaration that the letters dated 16. 7. 1998 and 17. 7. 1998 written by defendant No. 1 are illegal, invalid, null and void, the plaintiffs have also filed an application under Order 39 Rules 1 and 2 read with section 151 Civil Procedure Code praying for an interim temporary injunction. In the aforesaid suit as also on the application summons and notices were issued and the defendant No. 2 has entered appearance and filed its reply to the injunction application. By this order I propose to dispose of the aforesaid application filed by the plaintiff against the defendants under Order 39 Rules 1 and 2 Civil Procedure Code.
( 2 ) THE plaintiffs entered into an agreement with defendants No. 1 and 3 for establishing a joint venture for providing Globalstar Satellite Link Services in India. A copy of the said joint venture agreement has been placed on record. It is stated in the plaint that the plaintiffs entered into the aforesaid joint venture agreement with the defendants No. 1 and 3 on the
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.