Supreme Court of India
Kishan Lal and Another v. Bhanw Ar Lal
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Indian Contract Act (IX of 1872), s. 222-Contract of agency -Agent's right of indemnity against principal-Whether hit by the notification prohibiting forward contracts of purchase and sale of bullion. The respondent '" principal entered into several forward contracts for the purchase and sale of bullion through the appel lant's firm at Indore who worked as commission agents for the respondent. The transactions resulted in a loss and the appellants who had to pay the amount of loss to third parties on behalf of the respondent as the agents brought the suit for recovery of the amount in the
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