Explanation:

The fountain source of law in India  is  the  Constitution  which, in turn, gives due recognition to statutes, case law  and customary law consistent with its dispensations.  Statutes are enacted by Parliament, State Legislatures and Union Territory Legislatures. There is also a vast body of  laws known as subordinate legislation in the form of rules, regulations as well as by-laws made by Central and State Governments and local authorities like Municipal Corporations, Municipalities, Gram Panchayats and other local bodies. This subordinate legislation is made under the authority conferred or delegated either by Parliament or  State or Union Territory Legislature concerned. The  decisions of the Supreme Court are binding on all Courts within the territory of India.