M/S. VIJAY TRADERS vs M/S. BAJAJ AUTO LTD.

The Supreme Court upheld the High Court's decision affirming the dismissal of the plaintiffs' suit for wrongful termination of agency under the Indian Partnership Act and the Industries (Development & Regulation) Act. The Court found that the relationship between the plaintiffs and defendants was not that of principal and agent, but rather principal to principal, as the defendants did not appoint the plaintiffs as their sole and irrevocable agents. The Court held that the termination of the distributorship was valid and did not require prior notice, leading to the dismissal of the appeal.