https://www.taxtmi.com/caselaws?id=169322 Settlement contracts in jute goods were not treated as void under the West Bengal Jute Goods Futures Ordinance, 1949 where the transactions formed part of a genuine chain of dealings culminating in actual delivery to the final buyer. The phrase "actual delivery of possession" was read in commercial context: delivery through delivery orders and mate's receipts, followed by physical delivery at the end of the chain, was sufficient. The narrower view that each intermediate dealer must make manual delivery was rejected as inconsistent with the Ordinance and the realities of the jute trade. On that construction, the contracts remained enforceable and recovery on the contracts was allowed. en-us Fri, 03 Dec 1954 00:00:00 +0530 Tue, 14 Apr 2015 11:47:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169322 Settlement contracts in jute goods were not treated as void under the West Bengal Jute Goods Futures Ordinance, 1949 where the transactions formed part of a genuine chain of dealings culminating in actual delivery to the final buyer. The phrase "actual delivery of possession" was read in commercial context: delivery through delivery orders and mate's receipts, followed by physical delivery at the end of the chain, was sufficient. The narrower view that each intermediate dealer must make manual delivery was rejected as inconsistent with the Ordinance and the realities of the jute trade. On that construction, the contracts remained enforceable and recovery on the contracts was allowed. Case-Laws Indian Laws Fri, 03 Dec 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169322