Supreme Court · 1970 INSC 233 · Decided 6 November 1970
Megna Mills CO. LTD. v. Ashoka Marketing CO.
- Court
- Supreme Court of India
- Citation
- 1970 INSC 233 · [1971] 2 S.C.R. 751
- Case number
- CIVIL APPEAL No. 2012/1966
- Decided
- 6 November 1970
- Bench
- J.C. SHAH, K.S. HEGDE, A.N. GROVER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 33
Headnote
Forward Contracts (Regulation) Act, 1952, ss. 113 (aa), 15(3A)­ Bye-laws made under Act-Working Manual Chapter V, Bye-Laws 1, 15 and 17-'-Contract. providing for arbitration -Not executed in prescribed form-Contract is not enforceable -Bye-law l(b) when read with Bye­ /aws 15 and 17 is and Hessian Ex­ change Limited, the only association recognised under the provisions of the Forward Contracts (Regulation) Act 1952. The respondent was not a member of the association. On December 21, 1962 a transaction was entered into between the parties by means of a letter written by
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