Supreme Court of India
Indian Overseas Bank v. Industrial Chain Concern
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.
3 Supreme Court benches have cited this judgment.
From the headnote
Negotiable Instruments Act-Section 131-Bank can avail of immunity as collecting banker-Opening of account-Duties of bank. - The plaintiff-respondept filed original suit No. 7667 of 1975 against the appellant-Bank in the City Civil Court Madras for recovery of Rs.26,383.49 p. together with interest and costs, being the amount of loss suffered by it on account of the negligence and conversion on the part of the appellant who negligently allowed one Sethuraman, Manager of the plaintiff''s firm to open a "fictitious account" in the name of "Industrial Chain Concern" as its proprietor and helped
Where later benches applied it
- 2023 The Chairman & Managing Director, City Union Bank Ltd. & Anr. v. R. Chandramohan
- 2022 Pradeep Kumar and Another v. Post Master General and Others
- 2013 Nirma Industries Ltd. & Anr. v. Securities & Exchange Board of India
Of those, 2 referred to · 1 not applicable
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