Oral Contracts in Stock Trading Are Enforceable: Supreme Court Upholds Joint and Several Liability of Husband in Wife’s Trading Losses

The Supreme Court of India, in a landmark ruling, has held that oral contracts in stock market transactions are enforceable and can impose joint and several liability. The verdict, delivered in AC Chokshi Share Broker Pvt Ltd v. Jatin Pratap Desai & Anr. (2025 INSC 174), overturned a Bombay High Court decision that had relieved

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