Supreme Court of India
N.M. Veerappa v. Canara Bank
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
For the aforesaid reasons, the appeal is allowed and the rate of 6% from date of suit fixed by the trial Court is restored.
Judgment, page 16
From the headnote
Code of Civil Procedure, 1908 : S. 34, Order 34 Rule l 1-Suit based on mortgage-Future interest- Rate of-Held, special provision of Order 34 Rule 11 is applicable and not s. 34-Caurt 's discretion to fix rate of interest-Explained-Provisions of s. 21- of Banking Regulation Act, 1949 do not effect Order 34 Rule 11- Banking Regulation Act, 1949-21- . Banking Regulation Act, 1949 : 21- -Rates of interest charged by banking companies-Scrutiny by courts-Exclusion of-Held, ss. 21, 21- and 35 do not affect Order 34 Rule 1 l CPC-Act does not intend to override the Code of Civil Procedure…
Authorities it was built on
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.