Supreme Court of India
Inder Parshad v. Union of India
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
JUDGMENT: The Judgment of the Court was delivered by AHMADI, J.- The grievance of the respondent-association in the High Court related to charging of compound interest on loans given to its members for the purchase of tractors. 2. The Division Bench of the High Court of Orissa presided over by the then learned Chief Justice held that the agreement entered into by the bank with the borrower did not stipulate the payment of compound interest and hence it was unnecessary to examine if there existed such a stipulation, the same would have been enforceable by the Bank.
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