Supreme Court of India
Municipal Council Thanesar v. Virender Kumar Etc.
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
Arbitration and Conciliation Act, 1996: s.31(7)(a) and (b) – Interest – Entitlement of Decree-holders to the statutory benefits under ss.31(7)(a) and (b) – Held: Decree-holders-respondents are entitled to post award interest in terms of s.31(7)(b) of the Act. Code of Civil Procedure, 1908: Execution of award – Interest awarded in the arbitration award – In the award, it was not specifically stated that the interest @ 7% p.a. was to be awarded with quarterly rests – In fact, the award did not specify anything; whether it was quarterly rests or yearly rests – It simply awarded interest @ 7%…
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