Supreme Court of India
Southern Petrochemicals Industries Corporation Ltd. v. Administrator of Specified Undertaking of Unit Trust 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
Recovery of Debts Due to Banks and Financial Institutions Act, 1993: Sections 2(g), (h), 17, 19(1), (2) and 34. Financial institutions-Under a common loan agreement executed between the UT!, IDBI, IFCI and /CIC/ and the company a sum of Rs. 101- crores was advanced to the company for its project-UT/ also advanced a sum of Rs. 25 crores against privately placed debentures-The company accumulated liabilities exceeding Rs.…
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