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1952 (2) TMI 17 - ALLAHABAD HIGH COURT
Extract:
.......n as to whether the entire provision relating to forward contracts, even in- cluding forward contracts in which delivery of goods does take place, is ultra vires or not. Explanation III to my mind is certainly ultra vires. In this view of the matter, it is not necessary to determine the other two points raised by the applicant. Ordered accordingly.