Supreme Court of India
M/s O.N.G.C. Ltd. v. Assn. of Natural Gas Consuming Industries and Ors.
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
Natural gas-Price fixation by ONGC-Upheld by Court-Interest on differential amount-Two drug manufacturing companies disputing calculation of arrears of principal amount-Held, demands made by applicants have not been considered effectively by ONGC-Interest to be paid by them would be payable at stipulated rate but at simple rate of interest and not compoundable- <~ ONGC shall also examine the other points raised by applicants-Interest. + Appellant-ONGC increased the price of gas which gave rise to a number of writ petitions before the High Court. Pending ,litigation, gas price was regulated by
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