Supreme Court of India
Mehsana District Central Cooperative Bank Ltd. and Ors. v. State of Gujarat 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
Banking Regulation Act, 1949-Sections 2, 5 and 6-Gujarat Co- operative Societies Act, 1961-Section 7 I (/)-Gujarat Cooperative Bank Act- c State Act providing restrictive mode of investment by co-operative bank- Amendment in the Banking Regulation Act-Central Act, providing for application of the Act to co-operative banks-Central Co-operative Bank investing funds outside permitted investment in contravention of the provisions of the State Act-Challenge to the same-Bank pleading that it is entitled to carry on banking activities under Central Act and not in terms of State Act; and that there…
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