Supreme Court of India · 2009-08-03
Nifty Chemicals Pvt. Ltd vs Union Of India & Ors
- Citation / case number
- AIRONLINE 2009 SC 389
- Court
- Supreme Court of India
- Petitioner
- Nifty Chemicals Pvt. Ltd
- Respondent
- Union Of India & Ors
- Bench
- Mukundakam Sharma, S.B. Sinha
Judgment text excerpt
The Supreme Court clarified its earlier order regarding the computation of interest on amounts payable to the applicants, stating that interest should be calculated up to the actual refund date of 25.7.2008 instead of 28.6.2008, correcting a mistake apparent on the record. Additionally, the Court acknowledged the need for refunding an additional amount due to an increase in E-auction prices, as accepted by M/s. Western Coalfields Limited, and directed appropriate orders for the refund to the concerned parties. The Court's holding ensures that the applicants receive the correct amounts along with accrued interest.