Search Results for "interest on delayed payments"

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Search Results for "interest on delayed payments"

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Supreme Court

Supreme Court Allows Appeals in Part, Holds Interest on Delayed Payments Act, 1993 Applicable to Contracts Entered Before Its Commencement for Delays Occurring After 23.09.1992. The Court ruled that the Act is retroactive and applies to all payments made after its commencement, and that a suit for interest alone is maintainable.

23 Jan 2019

The Supreme Court considered appeals arising from a common judgment of the Gauhati High Court which had set aside trial court decrees in favor of supp...

High Court

High Court of Bombay Upholds Facilitation Council Award for Interest on Delayed Payments Under MSMED Act — Limitation Period for Reference Not Applicable. The court held that the Micro, Small and Medium Enterprises Development Act, 2006 is a complete code and the Limitation Act, 1963 does not apply to references made under Section 18(3) of the MSMED Act.

15 Nov 2016

The petitioners, Maharashtra State Electricity Distribution Company Limited and others, successors of the erstwhile Maharashtra State Electricity Boar...

High Court

Bombay High Court Dismisses Appeal Under Section 37 of Arbitration Act — Upholds Arbitral Award Granting Interest on Delayed Payments. Court holds that award of interest at 18% per annum is not patently illegal under Section 34 of the Arbitration and Conciliation Act, 1996.

5 Jul 2016

The case involves an appeal by Jawaharlal Nehru Port Trust (Appellant) against the rejection of its petition under Section 34 of the Arbitration and C...

High Court

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 2006

The appellant, Snehadeep Structures Private Limited, a small scale industry registered under the Companies Act, 1956, filed an appeal against the orde...

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