Supreme Court of India
Bharat Steel Tubes Limited v. Ifci Limited
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
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - ss. 3 and 13(2) - Moneys were borrowed by Petitioner-Company from Bank which it was unable to repay in full - One-Time Settlement arrived at between Petitioner-Company and Bank - Petitioner Company made part payment and defaulted in payment of the rest - It entered into an agreement with ACE, a third-party financier to pay off the entire dues of the Bank, which it did - ACE assigned its rights to IFCI Ltd - Question regarding auction of the assets of Petitioner Company - Proceedings before
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