Supreme Court of India
Wave Industries Pvt. Ltd. v. State of U.P. & Ors.
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.
What the Court ordered
In view of the foregoing, t he liability in question, not being a contingent liability, cannot be fastened on the shoulders of the appellant.
Judgment, page 11
From the headnote
Liability – Slump Sale Agreement dated 17.07.2010, followed by a sale deed, was entered into between U.P State Sugar Corporation Limited-Seller (UPSSCL) and Appellant-Purchaser for UPSSCL’s loss making Amroha sugar mill – Dispute ar ose w.r.t outstanding liability of unpaid duty, penalty, and intere st, if to be discharged by the seller or the purchaser – Subsisting dues arising out of transactions occurring on dates prior to the sa le, if contingent or conditional liability or an accrued liability wh ich may be computed or discharged at a subsequent date – Held: The re is no dispute that the
Authorities it was built on
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.