M/S. A.P.T. ISPAT PVT.LTD. vs U.P. SMALL INDUSTRIAL CORPN. LTD.

The Supreme Court upheld the validity of recovery certificates issued under Section 3 of the U.P. Public Moneys (Recovery of Dues) Act, 1972, affirming that the Managing Director of the U.P. Small Industries Corporation Ltd. acted within his authority to recover dues from the appellant company for unpaid goods. The Court clarified that the issuance of recovery certificates does not violate any legal provisions and that the appellant's challenge was without merit. Consequently, the appeal was dismissed, affirming the High Court's decision.