Supreme Court of India
Caltex (india) Ltd. v. Bhagwan Devi Marodia
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
We are of the opinion that the stipulation as to time in clause 3 (c) of the indenture of lease dated February 17, 1954 should be regarded as of the essence of the contract.
Judgment, page 5
From the headnote
accident, excus·able ignorance, fraud or surprise. The delay arose from mere neglect on the part of the appellant and could have been avoided by reasonable diligence.
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