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Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

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Supreme Court Allows Appeal Against Adjournment in Criminal Revision Petitions Pending for 12 Years, Directs High Court to Decide Within 3 Months. The Court held that repeated adjournments without deciding the revision petitions amount to abuse of process and directed expeditious disposal.

The present appeal arises from an order dated 18.07.2023 passed by the Allahabad High Court in Criminal Revision No. 2107 of 2012, whereby the hearing...