Supreme Court of India
Punjab Financial Corporation v. M/s Paulbro Leathers Pvt. Ltd.
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
Settlement – One Time Settlement (OTS) – Respondent defaulted in repaying the loan taken from appellant-Corporation – In terms of OTS policy, matter was referred to Chartered Accountant to determine the remaining outstanding balance amount payable by the respondent to the appellant-Corporation – Dispute arose even after the settlement as to the liability determined and worked out by the Chartered Accountant – Demand of Rs.49 lacs raised on the respondent – Respondent filed writ petition before the High Court, which was allowed on the ground that since the whole issue was settled with consent…
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