Supreme Court of India

Hari Sankaran v. Union of India & Others

Neutral citation
Bench Indu Malhotra and M. R. Shah JJ.
Decided 4 June 2019

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.130 – Exercise of power under – Essential conditions – On 1.10.2018, the Central Government filed a petition under ss.241 and 242 before the Tribunal alleging mismanagement by the Board of IL&FS and the affairs of IL&FS were conducted prejudicial to public interest – In view of the fact that thousands of crores of public money was involved, and in the public interest, the Central Government constituted the Serious Fraud Investigation Office (SFIO) and handed over the investigation to SFIO with respect to the affairs of IL&FS and other group companies – SFIO submitted…

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