Apex Engg. Pvt. Ltd. And Anr. vs Fair Growth Financial Services Ltd. And ...

The Supreme Court held that the hire-purchase agreement between Apex Engineering Pvt. Ltd. and Fair Growth Financial Services Limited required full payment of Rs. 56.21 lakhs, which was ultimately paid, albeit with a delay. The Court modified the decree of the Special Court, ruling that an additional payment of Rs. 32,64,142.70 made under interim orders should be considered as full and final payment. Furthermore, it directed Fair Growth to transfer the title of the wheel loaders to Apex Engineering upon payment of a nominal price of Re. 1.