Supreme Court of India

Reserve Bank of India v. Peerless General Finance & Investment Co. Ltd. Ors. and Vice Versa

Neutral citation

Reported as [1987] 2 S.C.R. 1

Bench O. Chinnappa Reddy and V. Khalid JJ.

Decided 22 January 1987

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.

38 Supreme Court benches have cited this judgment.

From the headnote

Interpretation of statute-Text and Context bases value of, explained-Whether the two clauses (i) and (ii) in section 2(e) of the definition of "Prize chit" in Prize Chits and Money Circulation Scheme (Banning) Act, 1978 are to be read disjunctively-Phrase "for all or any of the following purposes", construction of. Prize Chits and Money Circulation Scheme (Banning) Act, I978 section 2(e)-Definition of "prize chit"-Whether the Endowment Certificate Scheme of the Peerless Company attracts the provisions of ~~ Constitution of India, I950, Articles 38, 39, 41 and 43-Goal of minimising

Authorities it was built on

1961 Ardeshir H. Bhiwandiwala v. The State of Bombay cited by 2

Where later benches applied it

2022 Securities and Exchange Board of India v. Mega Corporation Limited relied on
2022 Regional Transport Authority & Anr. v. Shaju Etc relied on
2022 Renaissance Hotel Holdings Inc. v. B. Vijaya Sai and Others relied on
2018 Gottumukkala Venkata Krishamraju v. Union of India & Ors. relied on
2015 State of West Bengal and Others v. R.K.B.K. Ltd. & Anr. relied on
2014 Sri Sidhharth Viyas &anr. v. Ravi Nath Misra & Ors. relied on
2011 Employees Provident Fund Commissioner v. O.L. of Esskay Pharmaceuticals Limited relied on
2020 Skill Lotto Solutions Pvt. Ltd. v. Union of India & Ors. followed
2026 Zubair. P v. State of Kerala & Ors. referred to
2025 Dr. Sohail Malik v. Union of India & Anr. referred to
2025 Assistant Commissioner of Income Tax (international Taxation) & Others v. Shelf Drilling Ron Tappmeyer Ltd. Etc. referred to
2024 Muskan Enterprises & Anr. v. The State of Punjab & Anr. referred to
2023 Shakti Yezdani & Anr. v. Jayanand Jayant Salgaonkar & Ors. referred to
2023 Dr. Premachandran Keezhoth & Anr v. The Chancellor Kannur University & Ors. referred to
2022 Dr. Abraham Patani of Mumbai & Anr v. The State of Maharashtra & Ors. referred to
2022 Ptc India Financial Services Limited v. Venkateswarlu Kari and Another referred to
2022 Delhi Airport Metro Express Private Limited v. Delhi Metro Rail Corporation referred to
2022 New Delhi Municipal Council v. Minosha India Limited referred to
2022 Bank of Baroda & Anr v. Mbl Infrastructures Limited & Ors. referred to
2021 Attorney General for India v. Satish and Another referred to
2020 C. Bright v. The District Collector & Ors. referred to
2019 The Peerless General Finance and Investment Company Ltd. v. Commissioner of Income Tax referred to
2018 Commissioner of Income Tax(tds) Kanpur and Anr. v. Canara Bank referred to
2017 Ms. Eera through Dr. Manjula Krippendorf v. State (govt. of Nct of Delhi) & Anr. referred to
2016 Jindal Stainless Ltd. & Anr v. State of Haryana & Ors referred to
2016 Subramanian Swamy v. Union of India, Ministry of Law & Ors. referred to
2015 Yogendra Kumar Jaiswal Etc. v. State of Bihar & Ors. referred to
2014 M/s Mamta Surgical Cotton Industries, Rajasthan v. Assistant Commissioner (anti-evasion), Bhilwara, Rajasthan referred to
2014 National Insurance Co. Ltd. & Anr. v. Kirpal Singh referred to
2013 Maharshi Mahesh Yogi Vedic Vishwavidyalaya v. State of M.P. & Ors. referred to
2013 State of M.P. and Others v. Sanjay Nagayach and Others referred to
2013 Essa@ Anjum Abdul Razak Memon v. The State of Maharashtra, through Stf, Cbi Mumbai, Part-ii referred to
2013 State of Gujarat & Anr. v. Honble Mr. Justice R. A. Mehta (retd) & Ors. referred to
2012 Head Master, Lawrence School Lovedale v. Jayanthi Raghu & Anr. referred to
2011 Shri Girish Vyas & Anr.. v. The State of Maharashtra & Ors. referred to
2011 Afjal Imam v. State of Bihar and Ors. referred to
2011 Automotive Tyre Manufacturers Association v. The Designated Authority & Ors. mentioned
2017 State of Maharashtra & Ors. v. Reliance Industries Ltd. & Ors. not applicable

Of those, 7 relied on · 1 followed · 28 referred to · 1 mentioned · 1 not applicable

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