Supreme Court of India
Megna Mills Co. Ltd. v. Ashoka Marketing Co.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the 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 mandatory. The appellant was a member of the East India Jute 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
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