Supreme Court of India

Syndicate Bank v. R. Veeranna and Ors.

Neutral citation
Reported as [2002] SUPP. 5 S.C.R. 600
Bench Shivaraj V. Patil and Arijit Pasa Vat JJ.
Decided 19 December 2002

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

Bank/Banking-Suit by bank for recovery of loans granted to defendants- Defendants disputing higher rate of interest charged by the Bank- Earlier defwdants had acknowledged their liability-Trial court accepting defendants's contention and decreeing the suit accordingly-Decree affirmed by High Court-Held, it is not a case of automatically charging the increased rate of interest-Charge of higher rate is based on agreement between the parties-High Court erred in holding that principles of natural justice were violated as the defendants were not put to notice before enhancing the rate of

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