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The case focuses on the break-up of the joint venture agreement between Lohia Machinery Ltd (LML), and the Italian automobile major, Piaggio. The case deals with the various developments that led to the break-up, and claims and counter-claims made by LML and Piaggio. After a year-long bitter dispute with petitions pending in the International Court of Arbitration (ICA), Company Law Board (CLB), and the Kanpur Civil Court, the companies finally opted for a ''good-faith out of court'' settlement in November 1999. The case is intended for MBA/PGDBM level students as part of the business environment curriculum. At the end of the discussion, the students are expected to give their opinion on whether Singhania made the right decision to break-up the joint venture. They are also expected to discuss the future of both companies after the break-up.