M/S JAI JAGDAMBA MALLEABLE (P) LTD. vs UNION OF INDIA .

The Supreme Court directed the Settlement Commission to undertake the exercise of disposing of the matter in accordance with law, as per Section 32L of the Central Excise Act, 1944. The Court emphasized that if the Settlement Commission decides to adjudicate the demand, the assessee must be given a fair opportunity to present their case. The appeal was disposed of with no order as to costs, affirming the need for due process in adjudication.