Supreme Court of India
Canara Bank and Ors. v. National Thermal Power Corporation and 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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We are of the opinion that the High Court was not right in referring the alleged disputes to the High Powered Committee with the aid of judgment in ONGC's case.
Judgment, page 9
From the headnote
Companies Act, 1956-Sections Ill and 153-Mutual Fund under the Trusteeship of a Public Sector Bank-Purchase of bonds of Public Sector Corporation by the Trust from a banking company, which subsequently went into liquidation-Deposit of bonds by Trustee with Corporation for registration in the name of Trustee-Refusal of registration for want of 'no objection certificate' from the banking company which sold the bonds-Corporation adjusting redemption proceeds of the bonds against other dues of the Trustee Reference of disputes to High Powered Committee by High Court-Held, there is no genuine
Where later benches applied it
Of those, 1 referred to
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