Supreme Court of India

Allahabad Bank Etc. Etc. v. Bengal Paper Mills Co. Ltd. and Ors. Etc.

Neutral citation
Reported as [2004] SUPP. 5 S.C.R. 143
Bench R.C. Lahoti, G.P. Ma Thur and P.K. Balasubramany An JJ.
Decided 7 October 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

Winding up of Company-Purchase of assets thereof-After a round of litigation sale set aside by Supreme Court on the ground of consideration being inadequate-Purchaser in possession of the assets for 10 years-Direction for refund of purchase price-Demand of interest thereon-Refusal by Official Liquidator-Application for clarification of the order clarifj;ing interest on purchase price-Held: In view of principle embodied in Order XX! Rule 93 CPC, the Court in exercise of its discretion had refused to award interest on the purchase price-Even on principle of restitution claim would not succeed

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