https://www.taxtmi.com/caselaws?id=98318 The court held that the alleged agreement between the parties was void ab initio for not meeting the mandatory condition under section 294(2) of the Companies Act. Consequently, there was no valid sole selling agency or arbitration agreement. The petition was dismissed, and each party was to bear its own costs. The defendants were directed to maintain separate accounts for three weeks from the date of the judgment. en-us Mon, 06 Dec 1965 00:00:00 +0530 Fri, 20 Jan 2012 11:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98318 The court held that the alleged agreement between the parties was void ab initio for not meeting the mandatory condition under section 294(2) of the Companies Act. Consequently, there was no valid sole selling agency or arbitration agreement. The petition was dismissed, and each party was to bear its own costs. The defendants were directed to maintain separate accounts for three weeks from the date of the judgment. Case-Laws Companies Law Mon, 06 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98318