RAS RESORTS & APART HOTELS vs UNION OF INDIA .

The Supreme Court upheld the dismissal of the appellants' claim for interest subsidy under the plea of promissory estoppel, stating that the Draft Seventh Five Year Plan 1985-90 and related communications do not constitute a binding promise by the government. The Court clarified that the appellants failed to demonstrate a legitimate expectation or reliance on the alleged promise of a 5% interest subsidy, as they had already received a 25% subsidy on fixed assets. The appeal was dismissed, affirming the Bombay High Court's orders rejecting the claim.