Supreme Court of India

Fargo Freight Ltd. v. The Commodities Exchange Corporation and Ors.

Neutral citation
Reported as [2004] SUPP. 3 S.C.R. 309
Bench S.N. Variava and Arijit Pasayat JJ.
Decided 3 August 2004

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

Banking Law : Hiring of a vessel from a Foreign firm-Payment of freight and demurrage charges-Letter of Credit in exchange of Cargo-Freight paid by the firm-Liability in respect of demurrage-Suitfiled against respondent/ bankers-High Court directed issuing banker to keep alive the Letter of Credit-Arbitration-Arbitrator gave Award in favour of the firm awarding demurrage charges with interest thereon-Enforcement Petition-Decreed by High Court-Noticing discrepancies in the documents, banker did not make payment-High Court found no discrepancies in the documents and directed the banker to make

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