Supreme Court · 1964 INSC 267 · Decided 25 November 1964

Sita Ram Jhunjhunwala v. Bombay Bullion Association LTD. & ORS.

Court
Supreme Court of India
Citation
1964 INSC 267 · [1965] 2 S.C.R. 249
Case number
CIVIL APPEAL No. 56/1962
Decided
25 November 1964
Bench
A.K. SARKAR, N. RAJAGOPALA AYYANGAR, J.R. MUDHOLKAR (3-judge bench)
Outcome
Dismissed
Case type
Civil

Headnote

RAM JHUNJHUNWALA II. BOMBAY BULLION ASSOCIATION L1D. & ORS. November 25, 1964 B [A. K. SARKAR, N. RA.1AGOPALA AYYANGU AND J. Jt MUDHOLKAR., 11.) c D E F BankU., practic~heque-"Certi{i4d as good for payment", Scope of. The members of the Bombay Bullion Asaociation, respondent herein, a member of the Association and was carrying on business as bullion merchant, defaulted in performing bis obligation to tender silver of which he was the forward seller, on the settlement day, and so tbe Association, purporting to act under its bye-laws, purchased a quantity of silver •t the

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