Supreme Court of India

Hari Sankaran v. Union of India & Others

Neutral citation
Reported as [2019] 8 S.C.R. 761
Bench Indu Malhotra and M. R. Shah JJ.
Decided 4 June 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.

From the headnote

Companies Act, 1956: s.130 – Exercise of power unde r – Essential conditions – On 1.10.2018, the Central Government filed a petition under ss.241 and 242 before the Tribunal alleging mismanagement by the Board of IL&FS and the affairs of IL&FS were conducted prejudicial to public interest – In vi ew of the fact that thousands of crores of public money was involved, an d in the public interest, the Central Government constituted the Serious Fraud Investigation Office (SFIO) and handed over the inv estigation to SFIO with respect to the affairs of IL&FS and other group companies – SFIO

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