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Supreme Court of India

Fertilizer Corporation of India Limited & Ors. v. M/s Coromandal Sacks Private Limited

Neutral citation
Reported as [2024] 5 S.C.R. 321
Bench J.B. Pardiwala and Sandeep Mehta JJ.
Decided 26 April 2024

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.

2 Supreme Court benches have cited this judgment.

What the Court ordered

We hold that the date, on which, the repayment became due for the appellant’s case shall be fixed on February 6, 2013.

Judgment, page 77

From the headnote

Issue for Consideration Suspension of legal proceedings as envisaged u/s. 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985, if would extend to a suit for recovery of money even if the debt sought to be proved in the plaint has not been admitted by the sick industrial company and if so, whether the decree in favour of the original plaintiff could be said to be coram non-judice; and the High Court, if erred in granting 24% compound interest on the principal decretal amount in favour of the original plaintiff. Headnotes Sick Industrial Companies (Special Provisions) Act,

Authorities it was built on

Where later benches applied it

Of those, 2 referred to

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