Supreme Court of India
Official Assignee, High Court, Bombay v. Haradagiri Basavanna Gowd and Others
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.
What the Court ordered
In the result, the appeal is allowed, the order passed by the High Court is set aside and that of the District Court restored with the modification iu res pect of the amount withdrawn by the respond en ts, as indicated above.
Judgment, page 15
From the headnote
lnsolvency-Adjudication-Oourts -of different juriscllictions Where property vests-Presidency Towns Insolvency Act, ss. 17 and 51-Pravinciallnsolvency Act, 1920'(5of1920), ss. 28, 77. Pending adjudication proceedings instituted on 25-1-50 in the District Court ofBellary, the respondent was permitted to take possession of the goods which he claimed as belonging to him and to dispose Of them on condition that if his claim was disallowed, he should redeposit the· sale proceeds together· with interest in the Court. O~ the petition of other creditor~, the Bombay High Court passed an adjudication
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