PRATAPRAY MANMOHANDAS vs BOMBAY BULLION ASSOCIATION LTD.

The Supreme Court upheld the resolution of the Bombay Bullion Association declaring the appellant a defaulter for failing to submit the required kapli (vouchers) as mandated by Bye-law 155(4). The Court clarified that the Committee was not obligated to provide a specific time frame for submission and that the appellant's prior refusal to make payment rendered any additional time unnecessary. The ruling emphasized that the Committee's actions were valid under the bye-law provisions, affirming the decision of the Bombay High Court.