Legality of Forex Derivative Contracts: Recent Developments in India
 ICCLR, ISSUE 12, 448
20 Pages Posted: 19 Jun 2009 Last revised: 4 Jan 2017
Date Written: June 1, 2009
This article critically examines the ruling in Rajshree Sugar & Chemicals Ltd. v. Axis Bank Ltd. which upholds the legal validity of forex derivative contracts under Indian law. It also reflects on ICICI Bank Ltd. v. Sundaram Multi Pap Ltd. which follows the same trend in a different context.
Keywords: forex derivative, exporter, bank, validity, India
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