Supreme Court of India
The Public Passenger Service Limited v. M. A. Khader and Two 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.
From the headnote
Companies Act (1 of 1956), s. 155-Scope of. c The respondents were shareholders in the appellant company. As they did not pay the call money on their shares, a notice under Art. 29 of the Articles of Association was issued and as the respondents defaulted in the payment demanded, their shares were forfeited under Art. 30. The respondents filed a petition under ss. 402 and 237 of the Companies Act, 1956, and obtained irrterim orders directing stay of collection of the moneys and restraining forfeiture of the shares, before the forfeiture by the appellant; but, as the call money was not paid
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