Bombay High Court Allows Recovery Suit by State Trading Corporation Against Sole Proprietor for Unpaid Price of Goods Sold for Export — Contractual Interest Rate of 19.75% p.a. Upheld. The court held that the plaintiff, as a canalising agency, is entitled to recover the principal amount with agreed interest for goods sold and delivered for export.
18 Aug 2005The plaintiff, State Trading Corporation of India Ltd., a wholly owned Government of India undertaking designated as a canalising agency under the Imp...




