( 1 ) M/s. Sayaji Mills Limited respondent no. 3 (hereinafter referred to as the company) registered under the Companies Act was incorporated in the year 1941. It is engaged in the manufacture of Starches and its derivatives, Liquid Glucose, Dextrose, Sorbitol and other by-products. Since its inception the company has been selling its products through a sole selling agent M/s. C. Doctor and Company, a private limited company in Starch business since 1914. On the amendment of the Companies Act, 1956 by the Amending Act of 1974 it is necessary to seek approval of the Central Government for appointment of sole selling agents. Respondent No. 3 applied and obtained approval of the Central Government to the appointment of M/s. C. Doctor and Company as its sole selling agents for the periods 1972- 77,1977-82 and 1982-87. M/s. C. Doctor and Company was a family concern of M/s. Sayaji Mills Limited in as much as the directors of M/s. C. Doctor and Company were closely related to the Chairman of respondent No. 3 company. In January, 1982, a family arrangement was arrived at by way of a memorandum of understanding between two sons of the family of Shri V. L Mehta, who was