Bombay High Court Allows Appeal in Arbitration Matter — Interest on Delayed Payments to Small Scale Industry Upheld Under Interest Act, 1993. The Court set aside the arbitrator's denial of interest, holding that the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 mandates payment of interest to small scale industries for delayed payments by buyers, including government companies.
24 Nov 2006The appellant, Snehadeep Structures Private Limited, a small scale industry registered under the Companies Act, 1956, filed an appeal against the orde...




