Supreme Court of India

Srei Equipment Finance Ltd. v. Ramjan Ali & Ors.

Neutral citation
Reported as [2021] 1 S.C.R. 36
Bench Ashok Bhushan, R. Subhash Reddy and M. R. Shah JJ.
Decided 5 January 2021

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

Central Motor Vehicles Rules, 1989: r.61 – Terminat ion of hire purchase agreement – Hire purchase agreement e ntered into by appellant financier with the original owner/purchaser of vehicle – While registering the vehicle, an entry regarding hypothecation was made in the registration certificate – Failure on part of original owner to pay instalment of loan – Appellant referre d dispute to arbitrator who passed award in favour of appellant for an amou nt of Rs.25,97,053/- – Subsequently, original owner filed application before the Regional Transport Office (RTO), Basti for can cellation of

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