Supreme Court of India
M/s. Motors and Investments Ltd. v. The New Bank of India and 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.
From the headnote
Court auction-Property sold in Court auction and confirmed by Court-Price fetched being to meagre and inadequate, High Court directed re-auction of the property-On appeal held, no interference called for - Compensation to the appellant who has deposited the money consequent on the Court (J!uction-Ifthe amount is kept in any interest earning security, the princif!9lamount together with interest to be refunded to the appellant Otherwise the appellant is entitled to interest at 18% per annum on the amount from the date of deposit till the date of repayment to the appellant Sale to be conducted…
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