FIRM RAMDEO ONKARMAL & ANR. vs STATE OF U.P. & ANR.

The Supreme Court held that under Section 18(3) of the Forward Contracts (Regulation) Act, 1952, the Central Government must determine the area for regulation of non-transferable specific delivery contracts in the interest of trade or public interest. The Court clarified that while the area must be communicated, it does not need to be expressly specified in the notification. The appeal was dismissed, upholding the validity of the notifications issued regarding the sale of Tur (Arhar).