Supreme Court of India
Ram Rattan Gupta v. Director of Enforcement, Foreign Exchange Regulation, and Another
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.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that such a transaction is a loan, many an honest man who deposts foreign exchange in a bank in a foreign country where he is staying for a short time to draw it for his requirements will be committing an offence.
Judgment, page 4
Where later benches applied it
Of those, 1 mentioned
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