Supreme Court of India
Rangi International Ltd. v. Nova Scotia Bank & 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.
What the Court ordered
In view of the above, the appeals are allowed, the matters are remanded back to the Competition Appellate E Tribunal for reconsideration of the entire issue on merits including the preliminary objections raised by the appellants.
Judgment, page 3
From the headnote
Competition Law - Competition Commission and Competition Appellate . Tribunal - Required to pass reasoned orders - Held: The Competition Commission as well as the Appellate Tribunal are exercising very important quasi judicial · functions and the orders passed by them can have far reaching consequences - The minimum required of the Commission as well as the Appellate Tribunal is that the orders passed by them are supported by reasons, even briefly - However, on facts, the impugned orders passed by the Competition Commission and the Competition Appellate Tribunal are bereft of any reasons in
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