Supreme Court of India
Mis. Bharat Steel Tubes Ltd. Etc. v. Ifci Ltd. & 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
COMPANIES ACT, 1956: ss. 4A(1)(ii) and 4A(2) Proviso (i) - Industrial Financial c Corporation of India Limited (IFCIL) - HELD: Provisions of sub-s.(1) of s.4A stand independent of sub-s.(2) of s.4A and recognize the financial institutions mentioned therein to be public financial institutions which are not covered by embargo enforced by proviso to sub-s. (2) - Further, IFCIL was covered 0 by Proviso (i) to sub-s. (2) of s.4A since it was constituted under the Companies Act which is a Central Act - High Court rightly held IFCIL entitled to take recourse to provisions of SARFAESI Act to enforce
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