Supreme Court of India
Solidaire India Ltd. v. Fairgrowth Financial Services Ltd. and Ors.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
5 Supreme Court benches have cited this judgment.
What the Court ordered
For the aforesaid reasons, we do not find any merit in this appeal.
Judgment, page 7
From the headnote
Special Court (Trial of Offences Relating to Transactions and Securities) Act, 1992-Seclion 13-Sick Industrial Companies (Special Provisions) Act, c 1985-Section 32 (/)-Appellant claimed to have colllracted loan at the rate of 18 per cent p.a.-Decree passed at a higher rate for non-repayment of loan inspite of the fact that appellant had declared itself sick and relevant proceedings were 011-0n appeal Held, application of higher rate of interest permissible as there was no formal agreement and a claim to a higher rate had not been immediately refi1ted by the appellant in its correspondence-
Where later benches applied it
- 2020 Smt. S. Vanitha v. The Deputy Commissioner, Bengaluru Urban District & Ors.
- 2016 Sharat Babu Digumarti v. Govt. of Nct of Delhi
- 2022 Gujarat State Civil Supplies Corporation Ltd. v. Mahakali Foods Pvt. Ltd. (unit 2) & Anr
- 2018 Competition Commission of India v. Bharti Airtel Limited and Others
- 2016 M/s Madras Petrochem Ltd. & Anr v. Bifr& Ors.
Of those, 2 relied on · 3 referred to
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