Supreme Court of India

Pallav Sheth v. Canara Bank

Neutral citation
Reported as [2016] 2 S.C.R. 272
Bench Dipak Misra and Shiva Kirti Singh JJ.
Decided 13 April 2016

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

Special Court (Trial of Offences relating to Transactions in Securities) Act, 1992: s.10 - Dishonest intention of misappropriation of shares - Special Court convicted appellant uls.409 !PC and ordered fine of Rs.I lac - As per original chart, Rs.58.10 lacs was · the principal decreed against the appellant passed by Special Cour/ in civil suit - Interest was allowed @ 18% p.a. -- After adjusting Rs.20 lacs paid by appellant in 2003 by way of part settlement, balance a,mount with same rate of interest resulted into an amount of Rs.286 lacs payable by appellant to the Bank - !11 the course of

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