Supreme Court of India
Shital Fibers Ltd. v. Indian Acrylics Limited
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: ss. 433, 434 – Circumstances in which company may be wound up by the court – On facts, company petition seeking winding up of the appellant-defaulter company for its inability to pay admitted debts – Company tribunal however gave another opportunity to the appellant to settle the accounts with respect to the respondent and in case of failure, citation was to be published – In appeal, the High Court stayed the publication of the admission notice subject to the appellant paying the outstanding amounts to the respondent and appellant paid the outstanding amounts, and there…
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