1) Lucknow Development Authority vs. M. K. Gupta [1994 (1) SCC 243] 2) Friends Colony Development Committee vs. State of Orissa [2004 (8) SCC 733 3) New Horizons Ltd vs. Union of India [1995 (1) SCC 478) Faqir Chand Gulati vs Uppal Agencies Pvt. Ltd. & Anr on 10 July, 2008 A joint venture is frequently defined as an association of two or more persons formed to carry out a single business enterprise for profit. More specifically, it is in association of persons with intent, by way of contract, express or implied, to engage in and carry out a single business venture for joint profit, for which purpose such persons combine their property, money, effects, skill, and knowledge, without creating a partnership, a corporation or other business entity, pursuant to an agreement that there shall be a community of interest among the parties as to the purpose of the undertaking, and that each joint venturer must stand in the relation of principal, as well as agent, as to ...