Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993

M/s Coromandal Sacks supplied HDPE bags to Fertilizer Corporation of India Ltd (FCIL) and sued for recovery of unpaid amounts, alleging price differences, liquidated damages, penalties and loss of unsold bags. FCIL contended it was a sick industrial company under the Sick Industrial Companies (Special Provisions) Act, …

The appellants, M/s Brahmaputra Concrete Pipe Industries, challenged a Registrar's order refusing to register their curative petitions, arguing that the Registry lacked authority to dismiss such petitions on the ground that the preceding review petition was not dismissed by circulation. The review petition had been dis…

Lifecare Innovations Pvt. Ltd., a micro‑enterprise manufacturing a specialised liposomal drug, was repeatedly disqualified from government tenders because the Notice Inviting Tender (NIT) imposed mandatory minimum turnover requirements that it could not meet. The petitioners argued that such clauses violated Articles 1…

The Odisha State Financial Corporation (OSFC) financed a bleaching powder unit that defaulted, leading to its possession of the unit and subsequent litigation. Respondent Vigyan Chemical Industries sued the defaulting borrower and later impleaded OSFC, claiming repayment with interest calculated under the repealed Inte…

Snehadeep Structures Pvt. Ltd. (SSPL) entered into a supply/purchase order with Maharashtra Small Scale Industries Development Corporation Ltd. (MSSIDCL) on 30 March 1995 for the delivery of goods to the Maharashtra State Electricity Board. The contract stipulated that MSSIDCL would pay SSPL only after the goods were a…