M/S. Premier Engineers vs M/S. Taj Rubber Industries & Another

The Supreme Court upheld the MRTP Commission's order granting compensation under Section 12-B of the Monopolies and Restrictive Trade Practices Act, 1960, to the respondent for the delayed and defective supply of a rubber mixing machine. The Court rejected the appellant's preliminary objections, including the claim of lack of privity of contract and the assertion that the amendments to the MRTP Act were not retrospective. The Court affirmed that the appellant's actions constituted unfair trade practices under Section 36-A(1) of the MRTP Act, thereby validating the compensation awarded to the respondent.