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    <description>The Supreme Court upheld the Calcutta High Court decision, dismissing the appeals due to the contracts&#039; non-compliance with prescribed form requirements. The judgment emphasized the mandatory nature of Exchange bye-laws, highlighting the significance of adhering to prescribed form provisions for contract validity and legality. The contracts were deemed illegal as they did not meet the specific requirements outlined in the Exchange&#039;s Working Manual, rendering them void and unenforceable.</description>
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