1. The facts giving rise to this interim application are that the applicants are carrying business, inter alia, as manufacturers / dealers in software, microchip encapsulation, textiles and other products in India. The respondent is a foreign company incorporated in USA having it world head quarters at South Patterson, Boulvard, Dayton, Ohio, U. S. A. The respondent manufactures computer software, hardware, ATMs and other products. In view of the large potential in Indian Market, the respondent was desirous of establishing a 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 Consulate at Bombay approached the applicant with information 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 in