Supreme Court of India
Bhagwati Developers v. Peerless General Finance & Investment Co. Ltd. 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
Companies Act, 1956 : S. 205-Issue of Bonus Shares-Permissibility of-Peerless General Finance and Investment Company-Article of Association-Articles 2 and 182-Company issuing bonus shares out of Revaluation Reserve-Held, Companies Act specifically permits utilization of reserve arising from revaluation of assets for purpose of issuing fully paid up bonus shares Accordingly, Article 182 authorises the Company to issue Bonus Shares out of reserve arising from revaluation of capital assets.
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