JUDGMENT - (1) This is an appeal by the plaintiff against the dismissal of his suit by the Civil Judge, Senior Division, at Sangli.

(2) The plaintiff is doing business in groundnuts and turmeric at Sangli. The defendant No.e is a public limited company, which came into existence in the year 1951. the company was founded, as provided by Art. 3, for the purpose and the object of promoting the business of the Sangli Bazar in various commodities, wuch as, turmeric, groundnut oil and othe roil-seeds etc. and to regulate the same and it was also epecifically provided by sub-clause (b) that the further object was to regulate forward dealings in the abovementioned cammodities, which were not prohibited so far or would not be prohibited in future. The purposes were to provide all possibel facilities to the producting agriculturists, to encourtage and help them, to grow the best kind of agricultural produce,. and such other purposes. There were 50 or 60 share-holders of the company. amongst them was the plaintiff, who held his share in the name of his minor brother, mahendrakumar Babulal. Now, this defendant-company followed a Clearing House System as provided for by one of the Acticles - Art

Click Here to Read the rest of this document