Supreme Court Allows Appeals by Suppliers and Dismisses Board's Appeal; Holds Suit for Interest Simpliciter Maintainable under 1993 Act. The Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 applies to contracts entered before its commencement when supplies were made after the Act came into force, and acceptance of principal amount without protest does not bar interest claim.
1 Aug 2026The dispute originated from two separate suits filed by small-scale industrial undertakings, M/s Purbanchal Cables & Conductors Pvt. Ltd. and M/s Shan...
