Supreme Court of India · 2021-11-08
STATE OF CHHATTISGARH vs M/S SAL UDYOG(P) LTD
- Citation / case number
- SC 2010/2567
- Court
- Supreme Court of India
- Petitioner
- STATE OF CHHATTISGARH
- Respondent
- M/S SAL UDYOG(P) LTD
- Author
- HON'BLE MS. JUSTICE HIMA KOHLI
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE SURYA KANT, HON'BLE MS. JUSTICE HIMA KOHLI
Judgment text excerpt
The Supreme Court addressed the appeal by the State of Chhattisgarh against a High Court judgment that modified the interest awarded to M/s Sal Udyog Private Limited under the Arbitration and Conciliation Act, 1996. The court upheld the High Court's decision to reduce the interest rate from 18% to 9% per annum while dismissing the respondent's appeal. The case revolved around the validity of an agreement for the supply of Sal seeds and the implications of legislative changes on contractual obligations.