Supreme Court of India
S. Chattanatha Karayalar v. The Central Bank of India 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.
From the headnote
Promissory Note, Letter of continuity and Hypothecation Agree ment-Interpretation of-Liability if as surety of co-obligant. On the basis of a promissory note and a letter of continuity executed by the appellant and respondent Nos. 2 and 3 and a hypo thecation agreement executed by the respondent No. 2, the res pondent No. I-bank opened on overdraft account. in the name ·of respondent 2. In the promissory note, the appellant and respondent Nos. 2 and 3 had "jointly and severally promised to pay" the bank or order; in the letter of continuity sent along with promissory note to the bank, the
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