Supreme Court of India
M/s. Angel Baby Products Pvt. Ltd. v. New Okhla Industrial Development Authority
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.
What the Court ordered
Accordingly, we direct that in calculating the penalty and interest as payable under the agreement entered into between the parties, the said period of two months from the date of the order dated 24th March, 2002, shall be excluded.
Judgment, page 11
From the headnote
Lease deed - Execution of - Failure of allottee to execute lease deed for commercial plot within the stipulated period on account of mis-description of the plot and change ' . in the name of allottee - Imposition of penalty - Representation for waiver - Extension of time to execute lease deed - Failure to execute lease deed within the extended time - Imposition of penalty and interest - Writ petition - Dismissed by High Court - On appeal, held: No inclination on the part of allottee or petitioner company to complete formalities for execution of lease deed pursuant to the change in the name of
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