Supreme Court of India
Nifty Chemicals Pvt. Ltd. v. Union of India
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.
What the Court ordered
We are of the considered opinion that whatever interest was received by the )- . coal company as against the FDR made on the amount c deposited by the applicants towards extra amount charged, and not covered by the directions issued in the preceding paragraph may be paid back to the applicants.
Judgment, page 11
From the headnote
Refund - Of amount paid as per interim order- Litigation between coal suppliers and coal purchasers - Over c enhanced amount demanded by supplier - Interim order directing the purchasers to pay 1!3rd of the enhanced amount - - Supplier undertaking for refund of amount, if final decision passed against them - Final decision passed against the supplier - Applications and contempt petitions, seeking refund and direction for payment of interest thereon till the • actual date of payment - Held: Coal purchasers are entitled to refund, with interest computed till the date refund payment was actually
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