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august 2009

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.

Nifty Chemicals Pvt. Ltd vs Union Of India & Ors · Niyam