Supreme Court of India
State Trading Corporation of India Ltd. v. M/s Global Steel Holding Limited & 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.
What the Court ordered
We are of the view that the respondent s are liable to pay Interest on the principal sum of Rs.1610 crores to the appellant at rate of 8% per annum payable from 10.11.2012, i.e. when the entire payment became due.
Judgment, page 6
From the headnote
Constitution of India: Arts 142 and 136 – Extra-ord inary jurisdiction – Exercise of – Jurisdiction of this Court to decide the limited issue of payment of interest where award amount h as already been paid – Held: There is no legal impediment in d eciding the issue of payment of interest and its rate when the parties have requested for termination of the proceedings, and outstanding due s have already been cleared by the respondents-judgme nt-debtors during the pendency of this appeal leaving only a l imited issue regarding payment of interest – Issuance of directi on to the respondents to
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.