Supreme Court Allows Appeal in Sick Industrial Companies Case — Clarifies Applicability of 1985 Act Over 1993 Act. The Sick Industrial Companies (Special Provisions) Act, 1985 prevails over the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 when a rehabilitation scheme is in place....
The dispute arose between a public limited company engaged in manufacturing electronic fans and a small scale industry that supplied copper wires. The appellant company was declared sick under the Sic...




