E. D. Sassoon and Company, Ltd. now in voluntary liquidation (hereinafter referred to as the Sassoonal had the Managing Agency of three Mills (1) F.D. Sassoon United Mills Ltd. (2) Elphinstone Spinning and We having Mills Company, Ltd., and (3) The Apollo Mills Ltd. With the 360 consent of the Mill Companies and by virtue of clauses in the Managing Agency Agreements enabling thereunto, the Sassoons transferred the Managing Agency of the three Mills to three other Companies during the course of the calendar year 1943 as follows: (1) to Agarwal and Company, Ltd. (hereinafter referred to as Agarwals) on the 1st December, 1943, (2) to Chidambaram Mulraj and Company, Ltd. (hereinafter referred to as Chidambarams) on the 1st June 1943, and (3) to Rajputana Textile (Agencies) Ltd., on the 1st july, 1943.