Supreme Court of India
M/s Hira Lall and Sons and Ors. v. M/s. Lakshmi Commercial Bank
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
Constitution of India, 1950-Article 139 -Transfer Petition-Suit based on letter of credit issued by bank pending before Debt Recovery Tribunal-Regarding same transaction suit, based on insurance claim, pending, before High Court-Plea to transfer the case before Tribunal to High Court-Held, cannot be transferred since suit based on insurance claim and the suit based on letter of credit arise out of different cause of action Jurisdiction of other Courts stands ousted in view of exclusive jurisdiction given to the Tribunal-Article 139 not attracted in case of transfer from Trial Court to High
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