KOTESWAR VITTAL KAMATH vs K. RANGAPA BALIGA & CO.

The Supreme Court examined the validity of the Travancore-Cochin Public Safety Measures Act 5 of 1950 and its implications on the Vegetable Oils and Oilcakes (Forward Contracts Prohibition) Order, 1950. The Court held that the prohibition against forward trading in cocoanut oil was valid and enforceable, rejecting the appellant's argument that the contracts were void due to contravention of the Prohibition Order. The Court concluded that the earlier laws were repealed but the orders continued under Section 3 of Act 5 of 1950, which was not void under Article 304(b) of the Constitution.