Supreme Court of India
Maharashtra Tubes Ltd. v. State Indl.& Inv.corpn.of Maha.
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
In July, 1982, the appellant-Company, incorporated under the Companies Act, 1956 commenced manufacture of steel pipes/tubes etc. of various sizes and dimensions for export. By July, 1986, labour unrest, strikes, financial constraints, etc. necessitated the cessation of manufacturing activities. On 28th August, 1988 the Company by its letter informed the Board for Industrial and Financial Reconstruction (BIFR) of its accumulated losses and sought financial assistance for revival of the unit.
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