Supreme Court of India
Yogesh Mehta v. Custodian Appointed Under the Special Court & 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
Auction-Auction sale-By special Court-Challenged-This court permitted receiving of bid but stayed acceptance thereof-Provisional acceptance of highest bid by Special court-Sale not confirmed-Thereafter order by Special Court of forfeiture of the earnest money on the ground that auction purchaser failed to deposit the balance amount within the period stipulated under terms and conditions of auction-On appeal, held: Order of forfeiture not justified-Forfeiture is permissible only when concluded contract has come into being and not prior thereto-In the present case contract cannot be said to be
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