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1934 (2) TMI 19 - HIGH COURT OF BOMBAYExtract: .......re the profits of this transaction were to be divided between the parties, it clearly follows that this is an illegal association and that the plaintiffs cannot make any claim on this basis as such a case would fall under Section 4 (2), Companies Act. For these reasons, I agree with the decision of the lower Court and dismiss the appeal with costs.
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