regulated exchange. There are three key differences
between forwards and futures (i) Futures contract is
guaranteed against default (ii) They are standarized and (iii)
They ... futures contracts cannot be equated with
insurance contract, because, unlike futures contract, the insurance
contract is not an article of trade which can be traded
passed after the previous contract
was closed over and black-listing is not under the previous contract but is for
future contracts.
The respondent relied ... arbitrable. The
issue of future contractors, which is beyond scope of Arbitration Agreement.
No relief against not to award future contracts can be referred
respect of residual contracts which remain outstanding on the date of
expiry of contract period, but most participants offset their contracts before the
date ... ready delivery
contracts whereas the latter is concerned with financial contracts mostly settled
by payment of differences between the contract rate and the settlement rate
respect of residual contracts which remain outstanding on the date of
expiry of contract period, but most participants offset their contracts before the
date ... ready delivery
contracts whereas the latter is concerned with financial contracts mostly settled
by payment of differences between the contract rate and the settlement rate
respect of residual contracts which remain outstanding on the date of
expiry of contract period, but most participants offset their contracts before the
date ... ready delivery
contracts whereas the latter is concerned with financial contracts mostly settled
by payment of differences between the contract rate and the settlement rate
respect of residual contracts which remain outstanding on the date of
expiry of contract period, but most participants offset their contracts before the
date ... ready delivery
contracts whereas the latter is concerned with financial contracts mostly settled
by payment of differences between the contract rate and the settlement rate
upto the contract rate of interest, but not exceeding the contract rate of interest. The law does not insist that the future interest should always ... rate of interest towards future interest. There also the wording was that the future interest shall not exceed the contract rate of interest. Hence
forward contracts of sale by entering into forward contracts of purchases of standard jute goods or purchased back some of its forward contracts of sales ... held that only contracts for future purchase of raw materials to guard against future price fluctuations would be hedging contracts available to the assessee. Such
contract was awarded and cancelled in the year, 2003, second contract was awarded in the year, 2004 and is in currency, the third contract ... extreme nature. By blacklisting, the contracting party is prevented from participation in all the contracts in future....
23. In the light of my findings
contracting
parties to resort to blacklisting (holiday list) and prohibiting the
other contracting party from participating in future contracts is
permissible ?
ISSUE ... impugned order they
are prohibited from participating in the future contracts for next
three years. Thus, the impugned order has the effect of depriving
