(1.) The petitioner is engaged in the business of design of novel synthetic routes or processes to manufacture fine chemicals/pharmaceutical products; and design and development of new pharmaceutical entities/molecules in the area of drug development.
(2.) The respondent also carries on the business of manufacture, deal, trade, sell and market of all kinds of pharmaceuticals, medical, chemical, fine chemical drugs and other allied products etc. The respondent had acquired a subsidiary company under the name and style of Helvetica Industries Pvt. Ltd. which is engaged in the research and development activities, located at Hyderabad.
(3.) Respondent represented itself to the petitioner as a company engaged in the business of manufacture, sale and export of bio-pharmaceutical formulations and chemicals, contract research in medicinal chemistry etc.