Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
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Negative due date rate in cash-settled crude oil futures was upheld because the contract specifications tied settlement to the NYMEX front-month settlement price converted into rupees, and the DDR was a reference rate applied after trading closed, not a standalone market price. The HC held that traders who chose to retain their positions until expiry could not later insist on a floor price or seek annulment of the settlement, as that would contradict the agreed contract framework and prejudice counterparties. Judicial interference was also declined because the settlement had already been completed across numerous traders and could not be effectively unwound through writ directions.
Negative due date rate in cash-settled crude oil futures was upheld because the contract specifications tied settlement to the NYMEX front-month settlement price converted into rupees, and the DDR was a reference rate applied after trading closed, not a standalone market price. The HC held that traders who chose to retain their positions until expiry could not later insist on a floor price or seek annulment of the settlement, as that would contradict the agreed contract framework and prejudice counterparties. Judicial interference was also declined because the settlement had already been completed across numerous traders and could not be effectively unwound through writ directions.
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