Pardeep Nandrajog, J.

1. The appellants: Dr. Arvinder Singh and Dr. Rajendra Kachhawa are residents of the city of Udaipur in the State of Rajasthan. Whereas the former has a degree in Medicine (Pathology), the latter has a degree in Radiology. Both of them belong to the medical profession and are registered with the respective body, without being registered with which, they would not be entitled to practice their vocation as a Pathologist and a Radiologist respectively. Treating them with respect the society calls them ‘Doctor Sahib’. The two are good friends and stand by each other in thick and thin.

2. The two entered into a partnership in the year 1999 and carried on business of a pathlab and diagnostic centre under the name and style ‘M/s. Amolak X-Ray and Diagnostic Centre’ in the city of Udaipur. In the year 2003 the two set up a company : ‘M/s. Piramal Diagnostic Services Pvt. Ltd.’ which took over the business of the partnership firm, but under the name ‘Wellspring Amolak Pathlab Diagnostic’, which was later on changed to ‘Piramal Amolak Diagnostics’.

3. The entire shareholding of the company was held by the appellants. The company acquired a plot of land in Udaipu