Supreme Court of India
M/s. Shakti Tubes Ltd. v. State of Bihar & 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.
4 Supreme Court benches have cited this judgment.
What the Court ordered
We hold that the supply order having been placed herein prior to the coming into force of the Act, 8 any supply made pursuant to the said supply orders would be governed not by the provisions of the Act but by the provisions i of Section 34 of the CPC.
Judgment, page 17
From the headnote
Interest on Delayed Payment to Small Scale Industries Act, 1993 - ss.4 and 5 - Contract for supply of pipes - Pipes c supplied - But certain amount remained payable to appellant- supplier- Money suit filed by appellant decreed by Trial Court with interest compounding at monthly rest@ 24% p.a. - High Court reduced the rate to simple interest @ 9% p.a. - Challenge to - Appellant sought payment of interest at higher rate and compoundable interest in terms of ss.4 and 5 of the 1993 Act- Held: Since the supply order was placed prior to coming into force of the Act, appellant not entitled to
Where later benches applied it
- 2010 Md. Shahabuddin v. State of Bihar & Ors.
- 2025 Odisha State Financial Corporation v. Vigyan Chemical Industries and Others
- 2016 M/s Shanti Conductors (p) Ltd. Anr. v. Assam State Electricity Board & Ors.
- 2012 Bangalore City Cooperative Housing Society Ltd. v. State of Karnataka and Others
Of those, 1 relied on · 3 referred to
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