Supreme Court of India

Ubs Ag v. State Bank of Patiala

Neutral citation
Reported as [2006] SUPP. 2 S.C.R. 239
Bench B.P. Singh and Altamas Kabir JJ.
Decided 10 May 2006

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

Code of Civil Procedure, 1908: Order XXXVII, Rule 3. Summary suit-Unconditional leave to defend--Triable issues - Letter of credit issued by defendant-bank to plaintiff-bank with a request to inform the beneficiary that an irrevocable Letter of Credit had been established for the sum indicated therein to be paid by the plaintiff-bank on negotiation of documents to be presented by the beneficiary-On such documents having been presented by the beneficiary to the plaintiff-bank, it made payment under the Letter of Credit to the beneficiary-The defendant-bank informed the plaintiff-bank, after

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