Supreme Court of India

Industrial Credit & Investment Corporation of India Ltd. and Ors. v. Karnataka Ball Bearings Corpn. Ltd. and Ors.

Neutral citation
Reported as [1999] SUPP. 2 S.C.R. 133
Bench G.B. Pattanaik and Umesh C. Banerjee JJ.
Decided 31 August 1999

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

Code of Civil Procedure, 1908: Order 40 Rule I-Receiver-Appointment of-Prior to passing of decree-To effect sale of immovable property-Discretion of court-Scope­ Held: Court has discretion to appoint Receiver and direct sale of immovable properties even prior to passing of decree provided court feels it is expedient to do so in the circumstances of the case-However, such discretion should be exercised prudently and cautiously with circumspection. Words and Phrases: "Just and convenient"-Meaning of-In the context of 0.40 R.J of the' Code of Civil Procedure, 1908 . .., "Or such of those powers

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