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Respondent-co. couldn't be restrained from doing business after termination of franchisee agreement

November 29, 2019[2019] 111 taxmann.com 292 (NCL-AT)
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COMPANY LAW: Where appellant, a premier institute for coaching for management, incorporated R1 company as a franchisee of appellant with appellant, R2 and R3 as its shareholders agreeing that R2 and R3 would not, while agreement would be in force, enter into a competing business, when said franchise agreement was terminated, it would be unreasonable restriction that respondents would be restrained from doing competitive business

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