Supreme Court · 1967 INSC 255 · Decided 8 November 1967
State of Gujarat v. Manilal Joitaram & CO.
- Court
- Supreme Court of India
- Citation
- 1967 INSC 255 · [1968] 2 S.C.R. 177
- Case number
- CRIMINAL APPEAL No. 250/1964
- Decided
- 8 November 1967
- Bench
- M. HIDAYATULLAH, VISHISHTHA BHARGAVA, C.A. VAIDYIALINGAM (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Criminal
- Acts & sections cited
- Constitution Article 134(1)(c)
Headnote
Forward Contracts (ReK1tlatio11s) Act, 1952, s.\·, 18 and 20-Non­ transferable specific delivery contracts-No actual deliver,Y-Whether prohibited. c D E F G H The members of a Ghee and T·ol Brokers Association, used to enter ieto contracts for the sale and purchase of groundnut was no deliv~ry. Instead of payment of price losses resulting from the cross- transactions y,•ere deposited by the operators in loss with the Association. On the due date also there was no delivery but adjustment of al! con· tracts of sales against all contracts of purchase betwezn
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