Supreme Court · 2024 INSC 201 · Decided 5 March 2024
Snehadeep Structures PVT. Limited v. Maharashtra Small Scale Industries Development Corporation LTD.
- Court
- Supreme Court of India
- Citation
- 2024 INSC 201 · [2024] 3 S.C.R. 454
- Case number
- CIVIL APPEAL No. 3856/2024
- Decided
- 5 March 2024
- Bench
- SANJIV KHANNA, DIPANKAR DATTA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act
Headnote
High Court whether justified in setting aside the arbitral award and holding that Maharashtra Small Scale Industries Development Corporation Ltd. (MSSIDCL) cannot be said to be a buyer within the meaning of Interest on Delayed Payments Ancillary Industrial Undertakings Act, 1993 and therefore, the appellant (SSPL) was not entitled to claim interest under the 1993 Act against MSSIDCL; whether the proviso to s.3, 1993 Act would be applicable to the agreement in question entered into between the parties on 30.03.1995, albeit the
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