Supreme Court of India
Shree Bharat Laxmi Wool Store, Panipat and Ors. v. Punjab National Bank and 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
Civil Procedure Code, 1908--Section 34-Award ofinierest on decretal sum-Rate of-Institution of suit prior to coming into force of the .P. . (Amendment) Act, 1976-Amended provisions applicable-Held interest pay able at 6% from the date of decree till payment . . The respondent-bank instituted a suit in the Court of S~b-Judge for recovery of Rs. 81,137.39 against the appellants. The suit was. decreed allowing contract_ual rate of interest at 10 1/2 per annum from the date ot' suit till the date of _re~lisation. - c The appeal against the decree ~as dismissed by m_odifying the . interest…
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