The document discusses the doctrine of precedent, or stare decisis, in the Indian legal system and how it is similar to the British common law system. It outlines some key principles: a) Lower courts are bound by decisions of higher courts in their jurisdiction, but decisions of other higher courts are only persuasive. b) In cases of conflict between decisions of equal benches of the same high court, the later decision should be followed, though the rationale is also considered. c) Larger benches of a high court are binding on smaller benches and coordinate benches.