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Civil · Reportable judgment

State Trading Corporation of India Ltd. vs M/s Global Steel Holding Limited & Ors.

Court
Supreme Court of India
Date
6 December 2018
Case No.
Civil Appeal No. 11907 of 2018
Result
Disposed
Bench
Abhay Manohar Sapre, Indu Malhotra
Citation
[2018] 14 S.C.R. 1111 : 2018 INSC 1162
Supreme Court Reports [2018] 14 S.C.R. 1111 : 2018 INSC 1162
Headnote

Constitution of India: Arts 142 and 136 – Extra-ordinary jurisdiction – Exercise of – Jurisdiction of this Court to decide the limited issue of payment of interest where award amount has already been paid – Held: There is no legal impediment in deciding the issue of payment of interest and its rate when the parties have requested for termination of the proceedings, and outstanding dues have already been cleared by the respondents-judgment-debtors during the pendency of this appeal leaving only a limited issue regarding payment of interest – Issuance of direction to the respondents to pay interest on the principal sum of Rs. 1610 crores to the appellant-decree holder, at the rate of 8% p.a. payable from the date it became due – Interest.

As published in the Supreme Court Reports, Supreme Court of India. Text from the Indian Supreme Court Judgments open data set (Dattam Labs), CC BY 4.0.

Full Judgment Text

The Judgment of the Court was delivered by ABHAY MANOHAR SAPRE, J. In S.L.P.(C) No.14585/2015 1. Leave granted. 2. This appeal is filed against the final judgment and order dated 09.03.2015 passed by the Delhi High Court in Execution Petition No.337 of 2014 with EA Nos.697-98 of 2014 and EA Nos.199-200 of 2015 whereby the High Court has dismissed the Execution Petition and the accompanying applications filed by appellant - STC herein on the ground of lack of jurisdiction. 3. In order to appreciate the controversy involved in this appeal, it is necessary to set out the relevant facts herei
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