Supreme Court of India
U. P State Industrial Dev.corpn. Ltd. v. Monsanto Manufactures (p) Ltd. & Anr.
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
We hold that the appellant rightly issued notice demanding transfer fee from each of the respondents and there was no reason for the High Court to interfere with the same.
Judgment, page 19
From the headnote
c Industrial Development- Government of Uttar Pradesh acquired land and conveyed the same to appel/ant-U. P State Industrial Development Corporation for setting up industrial area -Appellant-Corporation divided the land into plots for leasing the same to industrial units and executed lease deed in favour of respondents-Companies - Later appellant Corporation made allegation that respondents--companies' share holders transferred their company/their shares to new shareholders without the consent of appellant-Corporation, which amounted to transfer of interest, for which transfer levy is
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