Supreme Court Dismisses Appeal in Interest on Delayed Payments Case — Contractual Payment Terms Not Overridden by 1993 Act Proviso Retrospectively. The Court held that the proviso to Section 3 of the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993, which caps payment at 120 days, does not apply retrospectively to contracts entered into before its enactment on 10.08.1998.
5 Mar 2024The Supreme Court dismissed an appeal by Snehadeep Structures Pvt. Limited (SSPL) against the judgment of the Division Bench of the High Court, which ...





