Supreme Court · 1987 INSC 20 · Decided 22 January 1987
Reserve Bank of India v. Peerless General Finance & Investment CO. LTD. ORS. and Vice Versa
- Court
- Supreme Court of India
- Citation
- 1987 INSC 20 · [1987] 2 S.C.R. 1
- Case number
- CIVIL APPEAL No. 3562/1986
- Decided
- 22 January 1987
- Bench
- O. CHINNAPPA REDDY, V. KHALID (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution
Headnote
A B Interpretation of statute-Text and Context bases value of, explained-Whether the two clauses (i) and (ii) in section 2(e) of the definition of "Prize chit" in Prize Chits and Money Circulation Scheme (Banning) Act, 1978 are to be read disjunctively-Phrase "for all or any C of Money Circulation Scheme (Banning) Act, I978 section 2(e)-Definition of "prize chit"-Whether the Endowment Certificate Scheme of the Peerless Company attracts the provisions of ~~ D Constitution of India, I950, Articles 38, 39, 41 and 43-Goal of minimising inequalities of
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