Supreme Court of India
Registrar of Assurances & Anr. v. Asl Vyapar Private 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.
From the headnote
Indian stamp Act,1899 – s.47A – Reference – Answere d – Held: s.47A has no application to a public auction carried out through Court process/receiver as it is the most transp arent manner of obtaining the correct market value of the proper ty – The independent determination of value of property by a Registering officer would not apply to a Court sale but to a private transaction – Interference by the Registering Authority on the aspect of price of transaction is unjustified – Reference is required to be answered by opining that in case of a public auction monitored by the Court, the
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