Court : Himachal Pradesh
Decided on : Dec-31-1957
T. Ramabhadran, J.C. (1) This is an appeal under Section 39 (1) (vi) of the Indian Arbitration Act. It arises under the following circumstances:--On 30-6-1945 A. D., the erstwhile Darbar of Sirmur State granted a monopoly in favour of Professor Harcharan Das in respect of cultivation and collection of medicinal herbs within Sirmur State, to enable him to manufacture drugs therefrom, and dispose of the same, either within the State, Or by export outside the State. The monopoly rights were to hold good for a period of 20 years, subject to the condition that the Professor floated a Private Limited Company with a capital of Rs. 10,00,000/- after obtaining the necessary permission from the Examiner of the Capital Issues, Government of India. Half the capital was to be raised within Sirmur State and the rest from British India. On 18-9-1945, A. D., a formal agreement was entered into by the Sirmur Darbar, on one side, and Prof. Harcharan Das, on the other, which, inter alia, recorded the mon...
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