https://www.taxtmi.com/caselaws?id=284757 A contract for monopoly agency rights was construed as a whole to determine that the stated Rs. 3,00,000 was consideration for the grant of monopoly rights, not the price of goodwill or assets. The company was not barred from disputing the consideration for the fully paid-up shares or from denying dividends and related benefits once the monopoly ended. When the supervening statutory regime under the Motor Vehicles Act, 1939 frustrated the monopoly arrangement, the contractual foundation failed and the State was required to restore the advantage received under the contract. The appeal failed in full, and the trial court's essential findings were affirmed. en-us Fri, 14 Feb 1969 00:00:00 +0530 Mon, 09 Dec 2019 15:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284757 A contract for monopoly agency rights was construed as a whole to determine that the stated Rs. 3,00,000 was consideration for the grant of monopoly rights, not the price of goodwill or assets. The company was not barred from disputing the consideration for the fully paid-up shares or from denying dividends and related benefits once the monopoly ended. When the supervening statutory regime under the Motor Vehicles Act, 1939 frustrated the monopoly arrangement, the contractual foundation failed and the State was required to restore the advantage received under the contract. The appeal failed in full, and the trial court's essential findings were affirmed. Case-Laws Indian Laws Fri, 14 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284757