Supreme Court of India

Dharani Sugars and Chemicals Ltd. v. Union of India & Ors.

Neutral citation
Reported as [2019] 6 S.C.R. 307
Bench R. F. Nariman and Vineet Saran JJ.
Decided 2 April 2019

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.

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From the headnote

Banking Regulation Act, 1949 – ss.35AA and 35AB – Validity of – Petitioners contended that the Banking Regulation (Amendm ent) Act, 2017, which introduced ss.35AA and 35AB are unconstitutional on two grounds: (i) that the sections introduced ar e manifestly arbitrary; and (ii) that they suffer from absence o f guidelines – Held: The Banking Regulation (Amendment) Act, 2017 brought these amendments which confer regulatory powers upon the RBI to c arry out its functions under the Banking Regulation Act and are not different in quality from any of the sections which have already conferred such

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