( 1 ) THE facts giving rise to this interim application are that the applicants are carrying business, inter alia, as manufacturers/dealers software, micro-chip encapsulation, textiles and other a ducts in India. The respondent is a foreign company in corporated in USA having its world head quarters at South Patterson, Boulvard, Dayton, Ohio, U. S. A. The and respondent manufactures computer software, hardware, ATMs and other products. In view of the large potential in Indian market, the respondent was desirous of estabilishing joint venture in India for manufacture of its various hardware and software products in India. In or about middle of 1985, one Jim Baker of United States.

( 2 ) CONSULATE at Bombay approached the applicant with infor mation that the respondent was looking for a joint venture partner for producing, marketing and servicing its hardware and software products in India. The applicant showed keen interest in entering into arrangements with the respondent. Mr Jim Baker along with his assistant visited the applicant s facilities to assess suitability of the applicant as a joint venture partner tor such manufacture of hardware and software in India. By