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    <title>2009 (12) TMI 1040 - BOMBAY HIGH COURT</title>
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    <description>In a subsisting joint venture, Section 9 interim relief may restrain a partner from distributing a rival product pending arbitration where the dispute and need for urgent protection are established. The Court applied ordinary injunction principles and accepted that competing distribution could undermine the common venture. It also held that, even without an express negative covenant, joint venture and partnership relationships carry implied duties of good faith, fidelity, and pursuit of common advantage. Read with the contractual framework and the partnership law obligations, those duties supported restraint against rival business and confirmed protection in aid of arbitration.</description>
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      <link>https://www.taxtmi.com/caselaws?id=294246</link>
      <description>In a subsisting joint venture, Section 9 interim relief may restrain a partner from distributing a rival product pending arbitration where the dispute and need for urgent protection are established. The Court applied ordinary injunction principles and accepted that competing distribution could undermine the common venture. It also held that, even without an express negative covenant, joint venture and partnership relationships carry implied duties of good faith, fidelity, and pursuit of common advantage. Read with the contractual framework and the partnership law obligations, those duties supported restraint against rival business and confirmed protection in aid of arbitration.</description>
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      <pubDate>Fri, 18 Dec 2009 00:00:00 +0530</pubDate>
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