Supreme Court of India
Indian Chemical Products v. State of Orissa & Anr.
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
member. In the instant cas'e there was no transmission of title in consequence of death or insolvency and clause 22 had, therefore no appiicatwn. [384 DJ (iii). In so far as the claim of the State was based on the trans fer deed it fell within the purview of Art. 11. But the refusal of the board of directors to register the transfer under that article was ma!a fide. The power under that article was a discretionary power. The directors must exercise thaV power reasonably and in good faith. The
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