GORDHANDAS PURSHOTTAMDAS SONAWALA AND ANOTHER vs THE EASTERN COTTON COMPANY

The Supreme Court held that under Section 8(1) of the Bombay Cotton Contracts Act, 1932, contracts not in accordance with the by-laws of a recognized cotton association are void. However, the Court found that substantial compliance with the by-law requirements was sufficient, and the omission to fill certain blanks in the contract notes did not invalidate the contracts. The Court upheld the validity of the contracts, ruling that they were not rendered void due to non-compliance with the by-law provisions, thus affirming the lower court's decision.