Supreme Court of India
M/s. Industrial Promotion and Investment Corporation of Orissa Limited v. M/s. Tuobro Furguson Steels Private Limited & Others
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
For the reasons stated above, that the order of the High Court is completely E unsustainable.
Judgment, page 14
From the headnote
State Financial Corporation Act, 1951: s.29 - Contract of sale -Corporation took over a Foundry Unit after its original promoters defaulted in payment of its dues - Publication of advertisement for sale of Unit - Sale of Unit to respondent on down payment of Rs. 8 lacs - Balance amount of Rs.32 lacs was to be paid on installments - However, after taking possession of the Unit, respondent did not take steps to complete the documentation as required in the sale letter - Notice issued uls.29 to respondent and assets of the Unit taken over by the Corporation - Writ petition by respondent - High
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.