JAY ENGINEERING WORKS LTD. vs INDUSTRY FACILITATION COUNCIL

The Supreme Court ruled that the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 (the 1993 Act) does not override the Sick Industrial Companies (Special Provisions) Act, 1985 (the 1985 Act) in matters concerning sick companies. The Court held that the Council's award for delayed payments was valid and executable despite the appellant's claim of being a sick company, as both Acts operate in distinct domains. The High Court's dismissal of the appellant's writ petition was upheld, affirming the enforceability of the Council's award.