Open Market - Indian Laws - General

Expression Open Market Black s Law Dictionary , 10th Edition, defines- to mean a market in which any buyer or seller may trade and in which prices and product availability are determined by free competition. P. Ramanatha Aiyer s Advanced Law Lexicon has also defined - to mean a market in which goods are available to be bought and sold by anyone who cares to. Prices in an open market are determined by the laws of supply and demand. CIT VS M/S JINDAL STEEL POWER LIMITED THROUGH ITS MANAGING DIRECTOR- 2023 (12) TMI 417 - SUPREME COURT