appellant be placed in the black-list in
respect of future contracts under the Collector is set
aside. So far as the cancellation ... directs black-listing of the appellant in respect of
future contracts, cannot be sustained in law. In the
premises, that portion of the order directing
binding agreement between the
parties unless the reference to a future contract is made in
such terms as to show that the parties ... binding contract. There
are. however, cases where the reference to a future contract
is made in such terms as to show that the parties
price of securities. futures or option position
is taken about an
impending transaction in
the same or related
futures or options
contract.
12. Although aforesaid ... whereby a futures or
option position is taken about an
impending transaction in the same or
related futures or options contract.
Under the provisions
jute
trade and industry and especially in respect of trading in
future contracts in raw jute. The appellant's case was that
by reason ... time to time various control measures in
respect of trading in future contracts in raw jute and had
taken up a review of the trading
futures and options, the trading can
either be of individual stocks or of indices like NIFTY, Bank
NIFTY etc.
18. Futures - a future contract ... market by buying index futures instead of buying
individual securities. The advantages of trading in index
futures are- the contracts are highly liquid, the index
every financial year. During the course of
contract period, deductions of sales tax on works contract
turnover at the source, shall be made from each ... directed that any such
clause for reimbursement be not included in future contracts.. This
Circular dated 04.11.1986 reads as under:-
“Government of Orissa
Irrigation
damages. The appellant's defence was that the contracts
in question, being forward contracts were in contravention
of the Prohibition Order ... contracts, in these
circumstances, will clearly depend on whether future
contracts in cocoanut oil were prohibited by any law or
orders or notifications which continued
insofar as it directs blacklisting of the appellant in
respect of future contracts, cannot be sustained in law. In the premises,
that portion ... that the appellant be placed in the
blacklist in respect of future contracts under the Collector is set aside.
So far as the cancellation
provides by its first
sub-section that a contract of sale of goods is a contract
where the seller agrees to transfer the property in goods ... take place at a future time or
subject to some condition thereafter to be fulled, the
contract is called an agreement to sell
short ‘BSNL’)
could have blacklisted the appellant for allotment of future contracts for
all times to come. High Court of Judicature at Bombay before whom ... officials of the respondent-
corporation. Even so permanent debarment from future contracts for all
times to come may sound too harsh and heavy a punishment
